Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Fmr LLC

FMR LLC raised its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,199,197 shares of the company's stock after buying an additional 133,034 shares during the period. FMR LLC owned about 0.21% of ARM worth $271,293,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of ARM by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after purchasing an additional 5,440 shares in the last quarter. Modus Advisors LLC increased its stake in ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company's stock worth $2,212,000 after buying an additional 13,453 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ARM by 89.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company's stock valued at $2,640,000 after acquiring an additional 8,707 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after acquiring an additional 228,467 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in shares of ARM by 333.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company's stock worth $849,000 after acquiring an additional 5,297 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARM shares. Susquehanna lifted their target price on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Evercore ISI upped their price objective 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. Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. The Goldman Sachs Group increased their price target on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities boosted their price objective on ARM from $180.00 to $225.00 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 issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.76.

ARM Trading Down 1.9 %

ARM traded down $1.96 on Tuesday, hitting $103.10. 2,091,035 shares of the company were exchanged, compared to its average volume of 7,525,408. The firm has a 50-day moving average price of $124.62 and a two-hundred day moving average price of $136.77. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The company has a market cap of $108.03 billion, a price-to-earnings ratio of 135.66, a price-to-earnings-growth 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.