Arm Holdings plc (NASDAQ:ARM) Shares Bought by Jump Financial LLC

Jump Financial LLC increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 44.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 55,377 shares of the company's stock after acquiring an additional 16,984 shares during the period. Jump Financial LLC's holdings in ARM were worth $6,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARM. Berbice Capital Management LLC purchased a new position in shares of ARM during the fourth quarter worth approximately $49,000. Valley National Advisers Inc. grew its stake in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new position in ARM during the 4th quarter worth $83,000. Farther Finance Advisors LLC raised its position in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after purchasing an additional 453 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after buying an additional 258 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM traded down $3.03 during midday trading on Monday, hitting $97.70. The company had a trading volume of 1,184,373 shares, compared to its average volume of 7,346,812. The business's 50-day simple moving average is $119.77 and its 200-day simple moving average is $135.74. The stock has a market cap of $102.37 billion, a price-to-earnings ratio of 128.55, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75.

Analyst Ratings Changes

ARM has been the topic of a number of research reports. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Susquehanna upped their price target on shares of ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Cfra Research upgraded shares of ARM to a "hold" rating in a research report on Friday, March 21st. Finally, Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $166.20.

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.