Amundi Invests $1.17 Million in Arm Holdings plc (NASDAQ:ARM)

Amundi acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,459 shares of the company's stock, valued at approximately $1,167,000.

Several other large investors have also recently made changes to their positions in the stock. Tufton Capital Management lifted its holdings in shares of ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after acquiring an additional 65 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after buying an additional 72 shares in the last quarter. Zullo Investment Group Inc. lifted its holdings in ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after buying an additional 85 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in ARM by 3.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company's stock worth $409,000 after buying an additional 98 shares in the last quarter. Finally, Hobbs Group Advisors LLC lifted its holdings in ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company's stock worth $208,000 after buying an additional 100 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

ARM stock remained flat at $119.07 during midday trading on Friday. 2,549,868 shares of the company's stock traded hands, compared to its average volume of 7,581,328. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market cap of $124.77 billion, a PE ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The business has a 50-day moving average price of $142.75 and a 200 day moving average price of $140.75.

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Wall Street Analysts Forecast Growth

ARM has been the topic of a number of research reports. Barclays increased their target price on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 target price on the stock. Susquehanna increased their target price on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Benchmark restated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.23.

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.