Broadleaf Partners LLC Trims Stock Position in Arm Holdings plc (NASDAQ:ARM)

Broadleaf Partners LLC lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,192 shares of the company’s stock after selling 891 shares during the period. ARM accounts for approximately 2.1% of Broadleaf Partners LLC’s portfolio, making the stock its 19th largest position. Broadleaf Partners LLC’s holdings in ARM were worth $9,029,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of ARM in the 4th quarter valued at about $49,000. Valley National Advisers Inc. lifted its stake in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $83,000. Farther Finance Advisors LLC grew its position in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after acquiring an additional 453 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock valued at $111,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna increased their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Loop Capital raised their price target on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group upped their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average price target of $163.05.

ARM Stock Performance

ARM opened at $100.73 on Friday. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The company has a market cap of $105.55 billion, a price-to-earnings ratio of 132.54, a PEG ratio of 6.33 and a beta of 4.48. The business’s fifty day moving average is $120.91 and its two-hundred day moving average is $136.01.

About ARM

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.