Andar Capital Management HK Ltd Acquires Shares of 22,400 Arm Holdings plc (NASDAQ:ARM)

Andar Capital Management HK Ltd acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,400 shares of the company's stock, valued at approximately $2,763,000. ARM makes up about 3.6% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 12th largest holding.

Several other institutional investors have also modified their holdings of ARM. Berbice Capital Management LLC acquired a new position in ARM in the 4th quarter valued at $49,000. Quantbot Technologies LP acquired a new stake in shares of ARM in the third quarter valued at about $52,000. Valley National Advisers Inc. lifted its stake in shares of ARM by 13.3% in the fourth 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. MCF Advisors LLC acquired a new position in ARM during the fourth quarter worth about $83,000. Finally, Farther Finance Advisors LLC grew its stake in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of ARM remained flat at $119.07 during midday trading on Friday. The stock had a trading volume of 2,549,868 shares, compared to its average volume of 7,583,664. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a market cap of $124.77 billion, a P/E ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The firm has a fifty day simple moving average of $142.75 and a 200-day simple moving average of $140.87.

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Wall Street Analysts Forecast Growth

ARM has been the topic of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Barclays boosted their price objective on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Rosenblatt Securities lifted their price target on shares of ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Evercore ISI boosted 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.23.

About ARM

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.