Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in Arm Holdings plc (NASDAQ:ARM)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,773 shares of the company's stock after acquiring an additional 11,287 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in ARM were worth $7,374,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of ARM by 4,506.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ARM during the 4th quarter worth approximately $32,655,000. Franklin Resources Inc. boosted its holdings in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. American Century Companies Inc. grew its position in shares of ARM by 200.9% during the 4th quarter. American Century Companies Inc. now owns 331,284 shares of the company's stock worth $40,867,000 after buying an additional 221,203 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of ARM during the 4th quarter valued at $22,705,000. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ ARM traded down $10.01 during mid-day trading on Friday, reaching $87.71. 12,468,538 shares of the company's stock were exchanged, compared to its average volume of 7,508,030. The firm has a market capitalization of $91.91 billion, a price-to-earnings ratio of 115.41, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The firm has a 50-day moving average price of $133.89 and a two-hundred day moving average price of $139.28. Arm Holdings plc has a 52 week low of $84.53 and a 52 week high of $188.75.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Loop Capital lifted their price target on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Barclays upped their price target 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 raised their price objective on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Finally, Citigroup lifted their price target on shares of ARM from $170.00 to $200.00 and gave the company 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 assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.