420,725 Shares in Arm Holdings plc (NASDAQ:ARM) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 420,725 shares of the company's stock, valued at approximately $51,901,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Berbice Capital Management LLC purchased a new position in ARM in the fourth quarter worth $49,000. Valley National Advisers Inc. increased its position in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after purchasing an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of ARM during the 4th quarter valued at about $83,000. Farther Finance Advisors LLC lifted its position in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after buying an additional 453 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after buying an additional 258 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Down 0.3 %

Shares of ARM opened at $100.73 on Friday. Arm Holdings plc has a 52 week low of $80.00 and a 52 week high of $188.75. The stock has a market cap of $105.55 billion, a P/E ratio of 132.54, a P/E/G ratio of 6.33 and a beta of 4.48. The business's 50 day moving average price is $120.91 and its 200-day moving average price is $136.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ARM shares. Jefferies Financial Group boosted their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. KGI Securities assumed coverage on ARM in a report on Tuesday. They set a "neutral" rating for the company. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Mizuho increased their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $163.05.

ARM Company 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.

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