Corps Capital Advisors LLC Invests $871,000 in Arm Holdings plc (NASDAQ:ARM)

Corps Capital Advisors LLC acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 7,063 shares of the company's stock, valued at approximately $871,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its position in ARM by 20.2% during the 3rd quarter. Creative Planning now owns 37,982 shares of the company's stock worth $5,432,000 after purchasing an additional 6,381 shares in the last quarter. Blue Trust Inc. grew its stake in ARM by 13.1% in the 3rd quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock worth $209,000 after acquiring an additional 169 shares during the period. Raymond James & Associates raised its holdings in ARM by 16.4% in the 3rd quarter. Raymond James & Associates now owns 151,744 shares of the company's stock valued at $21,701,000 after acquiring an additional 21,360 shares during the last quarter. Trilogy Capital Inc. purchased a new position in shares of ARM during the 3rd quarter worth $211,000. Finally, Aquila Investment Management LLC grew its position in shares of ARM by 14.3% in the third quarter. Aquila Investment Management LLC now owns 24,000 shares of the company's stock valued at $3,432,000 after purchasing an additional 3,000 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock traded down $6.26 during trading on Friday, reaching $144.59. The company had a trading volume of 3,679,533 shares, compared to its average volume of 6,625,235. The company has a market cap of $151.51 billion, a price-to-earnings ratio of 189.88, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The firm's fifty day moving average is $147.79 and its 200-day moving average is $140.98.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group began coverage on ARM in a research report on Monday, November 25th. They set a "buy" rating and a $160.00 target price on the stock. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Raymond James upped their price target on shares of ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, TD Cowen upped their price objective on ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $162.83.

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.