Guggenheim Capital LLC Has $5.50 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Guggenheim Capital LLC cut its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,579 shares of the company's stock after selling 5,087 shares during the period. Guggenheim Capital LLC's holdings in ARM were worth $5,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ARM by 79.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,550 shares of the company's stock worth $937,000 after purchasing an additional 2,900 shares during the last quarter. Morse Asset Management Inc bought a new stake in ARM during the 3rd quarter worth about $212,000. State Street Corp increased its position in ARM by 19.2% in the 3rd quarter. State Street Corp now owns 221,854 shares of the company's stock valued at $31,727,000 after acquiring an additional 35,720 shares in the last quarter. MML Investors Services LLC raised its stake in shares of ARM by 58.9% in the third quarter. MML Investors Services LLC now owns 6,323 shares of the company's stock worth $904,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of ARM by 6.9% during the third quarter. Geode Capital Management LLC now owns 107,683 shares of the company's stock worth $15,400,000 after purchasing an additional 6,959 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Up 5.5 %

Shares of NASDAQ ARM traded up $5.50 during midday trading on Wednesday, reaching $106.05. The company's stock had a trading volume of 2,718,251 shares, compared to its average volume of 7,293,517. The stock has a 50 day simple moving average of $117.31 and a 200-day simple moving average of $135.19. The stock has a market capitalization of $111.12 billion, a price-to-earnings ratio of 139.54, a PEG ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ARM shares. Citigroup upped their price objective on ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. KGI Securities assumed coverage on ARM in a report on Tuesday, April 15th. They issued a "neutral" rating on the stock. Benchmark reiterated a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Mizuho upped their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Barclays lowered their price target on shares of ARM from $155.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.70.

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.