Harvest Fund Management Co. Ltd Has $4.33 Million Position in Arm Holdings plc (NASDAQ:ARM)

Harvest Fund Management Co. Ltd boosted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,175 shares of the company's stock after acquiring an additional 15,073 shares during the period. Harvest Fund Management Co. Ltd's holdings in ARM were worth $4,329,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd acquired a new stake in shares of ARM during the fourth quarter worth approximately $2,763,000. Horizon Investments LLC increased its holdings in ARM by 204.6% during the 4th quarter. Horizon Investments LLC now owns 12,333 shares of the company's stock valued at $1,521,000 after purchasing an additional 8,284 shares in the last quarter. Haven Capital Group Inc. bought a new position in ARM in the 4th quarter valued at $2,397,000. Cibc World Markets Corp raised its position in ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock valued at $350,000 after purchasing an additional 96 shares during the last quarter. Finally, WealthTrust Asset Management LLC boosted its stake in ARM by 145.4% in the fourth quarter. WealthTrust Asset Management LLC now owns 9,876 shares of the company's stock worth $1,218,000 after purchasing an additional 5,852 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

ARM stock remained flat at $119.07 during mid-day trading on Friday. The company's stock had a trading volume of 2,549,868 shares, compared to its average volume of 7,583,664. The company has a fifty day moving average of $142.75 and a 200 day moving average of $140.87. 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 market capitalization 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.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their price target on ARM from $170.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Raymond James raised their price objective on shares of ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their price target on shares of ARM from $180.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed 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 issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.