Wellington Management Group LLP Has $132.73 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Wellington Management Group LLP trimmed its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,075,974 shares of the company's stock after selling 51,419 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of ARM worth $132,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Tufton Capital Management lifted its stake in ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock valued at $546,000 after purchasing an additional 65 shares during the last quarter. Valley National Advisers Inc. raised its stake in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares during the period. Zullo Investment Group Inc. lifted its position in shares of ARM by 4.6% in the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock valued at $236,000 after buying an additional 85 shares during the last quarter. Cibc World Markets Corp boosted its stake in shares of ARM by 3.5% during the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after acquiring an additional 96 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of ARM by 3.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company's stock worth $409,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

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ARM Trading Up 1.0 %

NASDAQ:ARM traded up $0.92 during mid-day trading on Monday, hitting $88.63. 9,069,040 shares of the company's stock were exchanged, compared to its average volume of 7,526,130. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The company has a 50 day simple moving average of $132.75 and a 200-day simple moving average of $138.94. The firm has a market capitalization of $92.87 billion, a P/E ratio of 116.62, a PEG ratio of 6.33 and a beta of 4.48.

Analyst Ratings Changes

Several equities research analysts have issued reports on ARM shares. Morgan Stanley cut their price target on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Evercore ISI upped their price target on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of ARM in a report on Thursday, February 6th. Rosenblatt Securities boosted their price objective on ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Citigroup increased their target price on ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.