Arm Holdings plc (NASDAQ:ARM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 62.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,454 shares of the company's stock after selling 5,777 shares during the period. D.A. Davidson & CO.'s holdings in ARM were worth $426,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in ARM during the third quarter worth approximately $52,000. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter worth approximately $49,000. Farther Finance Advisors LLC raised its stake in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after acquiring an additional 131 shares during the period. Valley National Advisers Inc. raised its stake in shares of ARM by 71.7% in the 3rd quarter. Valley National Advisers Inc. now owns 541 shares of the company's stock valued at $77,000 after acquiring an additional 226 shares during the period. Finally, MCF Advisors LLC purchased a new position in shares of ARM in the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

Shares of NASDAQ ARM traded up $1.35 during midday trading on Friday, hitting $131.69. The company's stock had a trading volume of 4,245,912 shares, compared to its average volume of 6,374,628. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The firm's fifty day moving average price is $147.44 and its 200-day moving average price is $141.95. The firm has a market cap of $137.99 billion, a P/E ratio of 173.28, a P/E/G ratio of 6.33 and a beta of 4.56.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARM shares. Susquehanna raised their target price on shares of ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their target price on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Loop Capital raised their target price 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. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, UBS Group started coverage on shares of ARM in a research note on Monday, November 25th. They set a "buy" rating and a $160.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $165.23.

ARM 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.