4 hours Ago By Defense World Staff
Victory Capital Management Inc. raised its stake in shares of Arm Holdings plc ( NASDAQ:ARM – Free Report ) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 57,611 shares of the company’s stock after purchasing an additional 1,190 shares during the quarter. Victory Capital Management Inc.’s holdings in ARM were worth $7,107,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of ARM. Kapstone Financial Advisors LLC acquired a new stake in ARM during the fourth quarter valued at $215,000. Charles Schwab Investment Management Inc.
grew its position in ARM by 41.9% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 26,191 shares of the company’s stock valued at $3,231,000 after buying an additional 7,734 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in ARM by 8.1% during the fourth quarter.
Steward Partners Investment Advisory LLC now owns 11,255 shares of the company’s stock valued at $1,388,000 after purchasing an additional 839 shares in the last quarter. DJE Kapital AG acquired a new stake in shares of ARM in the fourth quarter valued at about $502,000. Finally, SBI Securities Co.
Ltd. acquired a new stake in shares of ARM in the fourth quarter valued at about $16,933,000. Institutional investors and hedge funds own 7.
53% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have recently issued reports on ARM shares. The Goldman Sachs Group lifted their target price on shares of ARM from $159.
00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co.
boosted their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th.
Citigroup boosted their price target 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.
Susquehanna boosted their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd.
Finally, Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.
23. ARM Stock Performance NASDAQ:ARM opened at $117.94 on Friday.
The stock has a fifty day moving average price of $145.26 and a 200-day moving average price of $141.15.
The company has a market cap of $123.58 billion, a price-to-earnings ratio of 155.19, a PEG ratio of 6.
33 and a beta of 4.77. Arm Holdings plc has a fifty-two week low of $85.
61 and a fifty-two week high of $188.75. ARM Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than ARM How to Short a Stock in 5 Easy Steps Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead Stock Average Calculator How Super Micro Computer Stock Is Defying the Market Sell-Off Russell 2000 Index, How Investors Use it For Profitable Trading AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster? Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Arm Holdings plc ( NASDAQ:ARM – Free Report ). Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter .
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