QRG Capital Management Inc. Buys Shares of 3,994 Arm Holdings plc (NASDAQ:ARM)

QRG Capital Management Inc. bought a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,994 shares of the company's stock, valued at approximately $493,000.

A number of other hedge funds have also made changes to their positions in ARM. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter worth about $49,000. Quantbot Technologies LP bought a new stake in ARM in the third quarter worth approximately $52,000. Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after purchasing an additional 131 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of ARM in the 4th quarter valued at $83,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

NASDAQ ARM opened at $124.78 on Thursday. The stock's 50 day simple moving average is $147.00 and its 200 day simple moving average is $141.95. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The firm has a market cap of $130.75 billion, a PE ratio of 164.19, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 target price on the stock. Barclays boosted their target price on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, February 6th. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.23.

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.

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