OVERSEA CHINESE BANKING Corp Ltd Decreases Stock Position in Arm Holdings plc (NASDAQ:ARM)

OVERSEA CHINESE BANKING Corp Ltd lowered its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 72.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,365 shares of the company's stock after selling 9,019 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in ARM were worth $435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Berbice Capital Management LLC bought a new position in ARM in the 4th quarter worth approximately $49,000. Quantbot Technologies LP bought a new stake in shares of ARM during the third quarter worth $52,000. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after acquiring an additional 72 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of ARM during the fourth quarter valued at $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after acquiring an additional 453 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Down 0.5 %

ARM traded down $0.57 during trading on Tuesday, reaching $124.28. The company had a trading volume of 1,881,258 shares, compared to its average volume of 7,570,551. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market cap of $130.22 billion, a P/E ratio of 163.53, a PEG ratio of 6.33 and a beta of 4.77. The business has a 50 day simple moving average of $142.51 and a 200-day simple moving average of $141.02.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ARM shares. Citigroup upped their price objective on ARM from $170.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Rosenblatt Securities lifted their price target 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. Barclays raised their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Raymond James upped their target price on shares of ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ARM has an average rating of "Moderate Buy" and an average 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.