Haven Capital Group Inc. Purchases New Position in Arm Holdings plc (NASDAQ:ARM)

Haven Capital Group Inc. acquired a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,427 shares of the company's stock, valued at approximately $2,397,000. ARM comprises about 2.3% of Haven Capital Group Inc.'s portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also added to or reduced their stakes in ARM. Franklin Resources Inc. lifted its holdings 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 worth $183,265,000 after acquiring an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after purchasing an additional 791,392 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ARM in the fourth quarter valued at approximately $32,655,000. Rheos Capital Works Inc. grew its stake in shares of ARM by 29.6% during the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company's stock worth $30,211,000 after buying an additional 56,000 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of ARM by 19.2% during the third quarter. State Street Corp now owns 221,854 shares of the company's stock worth $31,727,000 after buying an additional 35,720 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of NASDAQ ARM remained flat at $119.07 during midday trading on Friday. The stock had a trading volume of 2,549,868 shares, compared to its average volume of 7,581,629. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The company's 50 day moving average is $143.18 and its 200 day moving average is $140.84. The company has a market capitalization of $124.77 billion, a P/E ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARM shares. Evercore ISI boosted their price objective on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. UBS Group initiated coverage on ARM in a research note on Monday, November 25th. They issued a "buy" rating and a $160.00 price objective for the company. Barclays raised their price objective on shares of ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Wells Fargo & Company upped their price target on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ARM has a consensus rating of "Moderate Buy" and an average target price of $165.23.

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.