Arm Holdings plc (NASDAQ:ARM) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,850 shares of the company's stock after selling 2,808 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in ARM were worth $598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Berbice Capital Management LLC bought a new position in shares of ARM during the fourth quarter worth $49,000. Quantbot Technologies LP bought a new position in shares of ARM during the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. Valley National Advisers Inc. grew 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 valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of ARM in the fourth quarter worth about $83,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Trading Up 1.0 %

Shares of NASDAQ ARM traded up $1.35 during mid-day trading on Friday, reaching $131.69. The company had a trading volume of 4,245,912 shares, compared to its average volume of 6,374,628. The stock has a market cap of $137.99 billion, a price-to-earnings ratio of 173.28, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The business's 50-day moving average is $147.44 and its 200-day moving average is $142.08.

Analyst Ratings Changes

A number of equities analysts recently commented on ARM shares. Evercore ISI increased 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. Wells Fargo & Company increased their target price on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target 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. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Finally, Barclays lifted their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $165.23.

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.