2,732 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,732 shares of the company's stock, valued at approximately $337,000.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after acquiring an additional 5,440 shares in the last quarter. Modus Advisors LLC increased its position in shares of ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company's stock worth $2,212,000 after purchasing an additional 13,453 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of ARM by 150.1% during the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company's stock valued at $928,000 after purchasing an additional 3,893 shares during the last quarter. Avalon Global Asset Management LLC acquired a new stake in shares of ARM in the 3rd quarter worth $8,581,000. Finally, Charles Schwab Investment Management Inc. grew its stake in ARM by 89.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company's stock worth $2,640,000 after buying an additional 8,707 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ARM. Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Rosenblatt Securities lifted their price objective on shares of ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their target price on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Finally, Mizuho raised their price objective on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $165.23.

Remove Ads

ARM Stock Down 1.1 %

ARM stock traded down $1.32 during mid-day trading on Tuesday, reaching $123.54. 850,229 shares of the company's stock were exchanged, compared to its average volume of 7,570,551. The company has a fifty day moving average of $142.51 and a 200-day moving average of $141.02. The company has a market cap of $129.44 billion, a P/E ratio of 162.72, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75.

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.