Arm Holdings plc (NASDAQ:ARM) Stock Holdings Raised by Horizon Investments LLC

Horizon Investments LLC lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 204.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,333 shares of the company's stock after purchasing an additional 8,284 shares during the quarter. Horizon Investments LLC's holdings in ARM were worth $1,521,000 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 the company. Franklin Resources Inc. raised its stake in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after acquiring an additional 791,392 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ARM during the 4th quarter worth $32,655,000. Rheos Capital Works Inc. grew its stake in shares of ARM by 29.6% during the 4th quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company's stock worth $30,211,000 after purchasing an additional 56,000 shares during the period. Finally, State Street Corp increased its holdings in shares of 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 purchasing an additional 35,720 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Barclays lifted their price objective on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Citigroup upped their target price on ARM from $170.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.23.

ARM Stock Performance

Shares of NASDAQ ARM traded up $5.78 during midday trading on Monday, reaching $124.85. 4,299,354 shares of the company's stock were exchanged, compared to its average volume of 7,574,528. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The business's fifty day moving average price is $142.75 and its two-hundred day moving average price is $141.01. The stock has a market capitalization of $130.82 billion, a PE ratio of 164.28, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

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.