Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc increased its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 38.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,202 shares of the company's stock after acquiring an additional 49,582 shares during the quarter. Legal & General Group Plc's holdings in ARM were worth $22,106,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of ARM by 11.7% in the fourth quarter. Invesco Ltd. now owns 526,215 shares of the company's stock valued at $64,914,000 after buying an additional 55,163 shares during the last quarter. Bank of Montreal Can raised its stake in ARM by 28.9% during the 4th quarter. Bank of Montreal Can now owns 46,987 shares of the company's stock valued at $5,796,000 after acquiring an additional 10,535 shares during the last quarter. Cerity Partners LLC grew its stake in shares of ARM by 2.5% in the 4th quarter. Cerity Partners LLC now owns 12,313 shares of the company's stock valued at $1,522,000 after purchasing an additional 300 shares during the last quarter. FMR LLC increased its holdings in shares of ARM by 6.4% in the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after purchasing an additional 133,034 shares during the period. Finally, Atika Capital Management LLC lifted its holdings in shares of ARM by 181.0% during the fourth quarter. Atika Capital Management LLC now owns 28,100 shares of the company's stock worth $3,466,000 after purchasing an additional 18,100 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

ARM stock traded down $0.27 during midday trading on Friday, reaching $100.73. 3,121,979 shares of the company were exchanged, compared to its average volume of 7,476,514. The firm's 50-day simple moving average is $120.91 and its 200-day simple moving average is $136.01. Arm Holdings plc has a 1 year low of $80.00 and a 1 year high of $188.75. The company has a market capitalization of $105.55 billion, a price-to-earnings ratio of 132.54, a P/E/G ratio of 6.33 and a beta of 4.48.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Cfra Research upgraded shares of ARM to a "hold" rating in a research report on Friday, March 21st. Loop Capital boosted their target price on ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. KGI Securities began coverage on ARM in a research note on Tuesday. They issued a "neutral" rating on the stock. Finally, Mizuho raised their target price on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus target price of $163.05.

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.