2 weeks Ago By ABMN Staff
LPL Financial LLC lifted its stake in shares of Arm Holdings plc ( NASDAQ:ARM – Free Report ) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234,004 shares of the company’s stock after acquiring an additional 11,852 shares during the quarter.
LPL Financial LLC’s holdings in ARM were worth $28,867,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in ARM by 5.
4% during the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock valued at $12,990,000 after purchasing an additional 5,440 shares during the last quarter. Modus Advisors LLC lifted its position in shares of ARM by 300.
2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,453 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of ARM by 150.
1% during the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after acquiring an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC acquired a new position in shares of ARM in the 3rd quarter worth $8,581,000.
Finally, Charles Schwab Investment Management Inc. raised its position in shares of ARM by 89.3% during the third quarter.
Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock worth $2,640,000 after purchasing an additional 8,707 shares during the period. Institutional investors own 7.
53% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on ARM. Citigroup lifted their price target on ARM from $170.
00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Evercore ISI lifted their target price on shares of ARM from $176.
00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of ARM from $170.
00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of ARM from $175.
00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Loop Capital increased their target price on ARM from $180.
00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.41. ARM Trading Down 4.
2 % ARM stock opened at $107.80 on Friday. The firm has a market cap of $112.
96 billion, a PE ratio of 141.84, a PEG ratio of 6.33 and a beta of 4.
77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.
75. The company has a fifty day simple moving average of $140.01 and a 200 day simple moving average of $140.
66. 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.
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