United Advisor Group LLC Takes $545,000 Position in Arm Holdings plc (NASDAQ:ARM)

United Advisor Group LLC bought a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,810 shares of the company's stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARM. KP Management LLC increased its position in shares of ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company's stock valued at $6,435,000 after buying an additional 10,000 shares in the last quarter. Willner & Heller LLC raised its position in shares of ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company's stock worth $972,000 after purchasing an additional 4,484 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of ARM by 393.0% during the 1st quarter. Lazard Asset Management LLC now owns 25,236 shares of the company's stock valued at $3,154,000 after purchasing an additional 20,117 shares in the last quarter. Mizuho Securities Co. Ltd. grew its position in shares of ARM by 156.3% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company's stock valued at $3,011,000 after purchasing an additional 11,220 shares during the period. Finally, Stephens Inc. AR increased its stake in ARM by 312.9% during the 3rd quarter. Stephens Inc. AR now owns 13,770 shares of the company's stock worth $1,969,000 after purchasing an additional 10,435 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Trading Up 2.9 %

Shares of NASDAQ:ARM traded up $4.03 on Wednesday, hitting $144.68. The company had a trading volume of 10,666,777 shares, compared to its average volume of 10,915,802. The stock has a market cap of $151.60 billion, a price-to-earnings ratio of 370.98, a P/E/G ratio of 6.45 and a beta of 5.40. The stock has a 50 day moving average price of $141.27 and a 200 day moving average price of $137.49. Arm Holdings plc has a 1-year low of $49.82 and a 1-year high of $188.75.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ARM. Raymond James started coverage on shares of ARM in a research note on Friday, September 13th. They issued an "outperform" rating and a $160.00 price target on the stock. Daiwa America upgraded ARM from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 8th. Loop Capital lifted their price target on ARM from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, August 6th. TD Cowen raised ARM to a "strong-buy" rating in a research report on Monday, September 16th. Finally, Morgan Stanley upgraded ARM from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $107.00 to $190.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have 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 target price of $138.57.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.