Commonwealth Equity Services LLC Has $6.33 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Commonwealth Equity Services LLC grew its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,341 shares of the company's stock after acquiring an additional 7,695 shares during the period. Commonwealth Equity Services LLC's holdings in ARM were worth $6,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock valued at $12,990,000 after acquiring an additional 5,440 shares in the last quarter. Modus Advisors LLC raised its holdings in shares of ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company's stock worth $2,212,000 after purchasing an additional 13,453 shares during the period. XTX Topco Ltd lifted its position in shares of ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company's stock worth $928,000 after buying an additional 3,893 shares during the last quarter. Avalon Global Asset Management LLC acquired a new position in shares of ARM in the 3rd quarter valued at about $8,581,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company's stock valued at $2,640,000 after buying an additional 8,707 shares during the period. Institutional investors own 7.53% of the company's stock.

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ARM Trading Down 0.6 %

Shares of ARM stock traded down $0.80 on Tuesday, reaching $124.05. 546,294 shares of the company were exchanged, compared to its average volume of 7,570,551. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The stock has a fifty day moving average price of $142.51 and a 200-day moving average price of $141.02. The firm has a market capitalization of $129.98 billion, a price-to-earnings ratio of 163.40, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.