Invesco Ltd. Raises Holdings in Arm Holdings plc (NASDAQ:ARM)

Invesco Ltd. boosted its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,215 shares of the company's stock after purchasing an additional 55,163 shares during the period. Invesco Ltd. owned about 0.05% of ARM worth $64,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after acquiring an additional 5,440 shares during the period. Modus Advisors LLC increased its holdings in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company's stock worth $2,640,000 after buying an additional 8,707 shares during the period. Franklin Resources Inc. grew its position in ARM by 21.7% during 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 during the period. Finally, China Universal Asset Management Co. Ltd. increased its stake in ARM by 333.8% during 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. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Down 0.3 %

Shares of ARM stock traded down $0.27 during trading hours on Friday, hitting $100.73. 3,121,979 shares of the company's stock traded hands, compared to its average volume of 7,458,575. The stock's fifty day simple moving average is $119.77 and its two-hundred day simple moving average is $135.76. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The stock has a market cap of $105.55 billion, a price-to-earnings ratio of 132.54, a PEG ratio of 6.33 and a beta of 4.48.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Loop Capital raised their price objective on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group increased their price target on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Citigroup lifted their target price on ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $163.05.

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.