Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR grew its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 312.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,770 shares of the company's stock after acquiring an additional 10,435 shares during the period. Stephens Inc. AR's holdings in ARM were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ARM. Private Advisor Group LLC grew its stake in shares of ARM by 83.4% in the first quarter. Private Advisor Group LLC now owns 5,509 shares of the company's stock worth $689,000 after acquiring an additional 2,505 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of ARM during the 1st quarter worth about $420,000. Mission Wealth Management LP purchased a new position in shares of ARM in the 1st quarter valued at about $223,000. BNP Paribas acquired a new stake in shares of ARM during the 1st quarter worth about $87,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in ARM by 2.9% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company's stock worth $645,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research reports. Daiwa Capital Markets raised shares of ARM from a "neutral" rating to an "outperform" rating and set a $130.00 price target for the company in a research report on Thursday, August 8th. Sanford C. Bernstein cut shares of ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price target for the company. in a research report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, August 1st. HSBC cut shares of ARM from a "hold" rating to a "reduce" rating in a research report on Monday, July 29th. Finally, Raymond James initiated coverage on shares of ARM in a research report on Friday, September 13th. They issued an "outperform" rating and a $160.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

ARM Stock Performance

ARM stock traded down $3.95 during trading on Monday, reaching $137.53. 3,245,153 shares of the company were exchanged, compared to its average volume of 10,952,219. The company has a market cap of $144.11 billion, a P/E ratio of 360.52, a PEG ratio of 6.44 and a beta of 5.39. Arm Holdings plc has a 52-week low of $49.82 and a 52-week high of $188.75. The stock's 50 day moving average price is $140.91 and its 200 day moving average price is $136.88.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.