Reynders McVeigh Capital Management LLC Boosts Stake in Arm Holdings plc (NASDAQ:ARM)

Reynders McVeigh Capital Management LLC lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 144.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,615 shares of the company's stock after acquiring an additional 53,606 shares during the quarter. Reynders McVeigh Capital Management LLC's holdings in ARM were worth $11,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in ARM by 8.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,075 shares of the company's stock valued at $503,000 after acquiring an additional 310 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new stake in ARM during the fourth quarter worth approximately $275,000. Townsquare Capital LLC bought a new stake in ARM in the fourth quarter worth approximately $525,000. Ceeto Capital Group LLC grew its position in shares of ARM by 60.0% during the 4th quarter. Ceeto Capital Group LLC now owns 4,000 shares of the company's stock worth $493,000 after buying an additional 1,500 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of ARM by 3.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,824 shares of the company's stock valued at $1,952,000 after purchasing an additional 470 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Down 0.0 %

NASDAQ:ARM traded down $0.01 during trading hours on Tuesday, reaching $105.05. 241,318 shares of the company were exchanged, compared to its average volume of 7,518,364. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The firm has a market cap of $110.07 billion, a PE ratio of 137.99, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. The stock's 50-day moving average is $124.62 and its 200-day moving average is $136.77.

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Wall Street Analyst Weigh In

Several research analysts have issued reports on ARM shares. The Goldman Sachs Group increased their price target on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Jefferies Financial Group increased their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Citigroup upped their price objective on shares of ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Cfra Research upgraded shares of ARM to a "hold" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.76.

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.