Alliancebernstein L.P. Reduces Holdings in Arm Holdings plc (NASDAQ:ARM)

Alliancebernstein L.P. decreased its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,555 shares of the company's stock after selling 7,894 shares during the quarter. Alliancebernstein L.P.'s holdings in ARM were worth $13,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership increased its stake in shares of ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after purchasing an additional 791,392 shares during the period. Schroder Investment Management Group raised its holdings in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ARM in the fourth quarter worth $32,655,000. Finally, Franklin Resources Inc. increased its stake in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARM. Loop Capital boosted their price target on ARM from $180.00 to $195.00 and gave the company a "buy" rating in a report on Monday, February 10th. Evercore ISI raised 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. Wells Fargo & Company increased their price objective on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price target on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Susquehanna lifted their target price on ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $164.76.

ARM Price Performance

Shares of NASDAQ ARM traded up $3.53 during trading on Friday, reaching $103.99. 6,475,258 shares of the stock traded hands, compared to its average volume of 7,551,767. The company has a 50-day moving average of $125.98 and a 200-day moving average of $137.14. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75. The stock has a market capitalization of $108.96 billion, a P/E ratio of 136.83, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48.

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.