SBI Securities Co. Ltd. Takes Position in Arm Holdings plc (NASDAQ:ARM)

SBI Securities Co. Ltd. acquired a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 137,267 shares of the company's stock, valued at approximately $16,933,000.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of ARM during the 3rd quarter worth approximately $52,000. Berbice Capital Management LLC bought a new stake in ARM during the fourth quarter worth $49,000. Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after purchasing an additional 131 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of ARM by 13.3% in 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 during the last quarter. Finally, MCF Advisors LLC bought a new position in shares of ARM in the 4th quarter valued at $83,000. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note 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 research report on Thursday, February 6th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.23.

ARM Stock Performance

Shares of NASDAQ ARM traded up $2.29 during midday trading on Wednesday, reaching $124.78. The stock had a trading volume of 4,590,049 shares, compared to its average volume of 6,395,854. The company's 50 day moving average price is $147.14 and its 200 day moving average price is $142.07. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The firm has a market cap of $130.75 billion, a price-to-earnings ratio of 164.19, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57.

About ARM

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.