Arm Holdings plc (NASDAQ:ARM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 200.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 331,284 shares of the company’s stock after buying an additional 221,203 shares during the period. American Century Companies Inc.’s holdings in ARM were worth $40,867,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its holdings in ARM by 1,142.6% in the 4th quarter. Quantbot Technologies LP now owns 4,548 shares of the company’s stock valued at $561,000 after purchasing an additional 4,182 shares during the last quarter. Virtu Financial LLC raised its position in shares of ARM by 735.8% during the 4th quarter. Virtu Financial LLC now owns 67,980 shares of the company’s stock valued at $8,386,000 after buying an additional 59,846 shares during the period. Independent Solutions Wealth Management LLC lifted its holdings in ARM by 11.0% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 16,293 shares of the company’s stock valued at $2,010,000 after acquiring an additional 1,621 shares during the last quarter. Holderness Investments Co. grew its position in ARM by 6.7% in the fourth quarter. Holderness Investments Co. now owns 1,761 shares of the company’s stock worth $217,000 after acquiring an additional 110 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in ARM during the fourth quarter worth $337,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of NASDAQ ARM opened at $112.47 on Friday. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The company has a market capitalization of $117.85 billion, a price-to-earnings ratio of 147.99, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The business has a 50-day moving average of $140.84 and a two-hundred day moving average of $140.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ARM shares. Benchmark reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup increased their price objective on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.