ExodusPoint Capital Management LP Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

ExodusPoint Capital Management LP bought a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,761 shares of the company's stock, valued at approximately $2,561,000.

Several other large investors have also recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in ARM in the 4th quarter valued at $49,000. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC bought a new stake in ARM during the fourth quarter valued at $83,000. Farther Finance Advisors LLC grew its position in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after buying an additional 453 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ARM shares. JPMorgan Chase & Co. lifted their price target on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of ARM in a report on Thursday, February 6th. Mizuho upped their target price on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Barclays increased their target price on ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group upped their price objective on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.76.

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ARM Stock Performance

Shares of NASDAQ ARM traded up $2.46 during midday trading on Friday, hitting $102.92. 2,775,556 shares of the company traded hands, compared to its average volume of 7,532,447. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The stock has a 50-day moving average price of $127.14 and a 200 day moving average price of $137.43. The firm has a market cap of $107.85 billion, a P/E ratio of 134.97, a P/E/G ratio of 6.33 and a beta of 4.48.

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.