Arm Holdings plc (NASDAQ:ARM) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 327,843 shares of the company's stock after selling 17,586 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in ARM were worth $40,443,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Morse Asset Management Inc purchased a new position in ARM during the third quarter worth approximately $212,000. Geode Capital Management LLC grew its stake in ARM by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 107,683 shares of the company's stock valued at $15,400,000 after acquiring an additional 6,959 shares during the period. Virtu Financial LLC purchased a new stake in ARM in the 3rd quarter worth $1,163,000. Wilmington Savings Fund Society FSB acquired a new position in ARM during the third quarter worth $419,000. Finally, Franklin Resources Inc. lifted its holdings in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analysts Set New Price Targets

ARM has been the topic of several recent research reports. Cfra Research raised shares of ARM to a "hold" rating in a research note on Friday, March 21st. The Goldman Sachs Group increased their price objective on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. KGI Securities started coverage on shares of ARM in a research note on Tuesday, April 15th. They issued a "neutral" rating on the stock. Bank of America cut their price target on ARM from $180.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup upped their target price on ARM from $170.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.70.

ARM Trading Up 1.2 %

Shares of ARM stock opened at $113.34 on Friday. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The company has a fifty day moving average price of $114.34 and a 200 day moving average price of $134.57. The stock has a market cap of $118.76 billion, a price-to-earnings ratio of 149.13, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48.

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.

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