Oppenheimer & Co. Inc. Sells 6,830 Shares of Arm Holdings plc (NASDAQ:ARM)

Oppenheimer & Co. Inc. trimmed its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,784 shares of the company's stock after selling 6,830 shares during the period. Oppenheimer & Co. Inc.'s holdings in ARM were worth $6,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARM. Franklin Resources Inc. grew its position in shares of ARM by 21.7% in the 3rd 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 in the last quarter. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% in the fourth 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. State Street Corp increased its stake in ARM by 19.2% during the third 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 during the last quarter. Cibc World Market Inc. raised its holdings in shares of ARM by 18.9% during the fourth quarter. Cibc World Market Inc. now owns 219,613 shares of the company's stock worth $27,091,000 after purchasing an additional 34,847 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of ARM in the 4th quarter worth about $22,705,000. 7.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore ISI increased their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group increased their price objective on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Rosenblatt Securities boosted their price target on ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. UBS Group assumed coverage on ARM in a research note on Monday, November 25th. They set a "buy" rating and a $160.00 price target for the company. Finally, TD Cowen boosted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.23.

ARM Price Performance

ARM stock traded down $10.59 during trading hours on Monday, hitting $121.10. The company had a trading volume of 7,296,684 shares, compared to its average volume of 6,343,007. The firm's fifty day moving average is $147.44 and its 200-day moving average is $142.19. The firm has a market capitalization of $126.89 billion, a P/E ratio of 159.34, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

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.