Artisan Partners Limited Partnership Acquires 860,716 Shares of Arm Holdings plc (NASDAQ:ARM)

Artisan Partners Limited Partnership lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,651,489 shares of the company's stock after purchasing an additional 860,716 shares during the quarter. Artisan Partners Limited Partnership owned about 0.25% of ARM worth $327,088,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tufton Capital Management boosted its stake in ARM by 1.5% during the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock valued at $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares during the period. Zullo Investment Group Inc. boosted its stake in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock valued at $236,000 after buying an additional 85 shares in the last quarter. Cibc World Markets Corp grew its holdings in ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after acquiring an additional 96 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its holdings in ARM by 3.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company's stock worth $409,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

Shares of NASDAQ ARM traded down $4.67 during mid-day trading on Friday, reaching $107.80. The company had a trading volume of 4,616,714 shares, compared to its average volume of 7,488,395. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock's 50 day moving average is $140.01 and its 200-day moving average is $140.66. The stock has a market capitalization of $112.96 billion, a PE ratio of 141.84, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Susquehanna raised 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. Cfra Research raised ARM to a "hold" rating in a report on Friday, March 21st. Loop Capital raised their price objective on ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group boosted their target price on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus target price of $163.41.

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.