Schroder Investment Management Group Purchases 464,719 Shares of Arm Holdings plc (NASDAQ:ARM)

Schroder Investment Management Group increased its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,054,331 shares of the company's stock after acquiring an additional 464,719 shares during the quarter. Schroder Investment Management Group owned about 0.29% of ARM worth $376,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Pictet Asset Management Holding SA purchased a new position in ARM during the fourth quarter valued at $1,701,000. Nomura Asset Management Co. Ltd. raised its position in shares of ARM by 12.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 15,481 shares of the company's stock worth $1,910,000 after purchasing an additional 1,719 shares during the last quarter. Blair William & Co. IL raised its position in shares of ARM by 57.4% in the 4th quarter. Blair William & Co. IL now owns 77,380 shares of the company's stock worth $9,546,000 after purchasing an additional 28,217 shares during the last quarter. NEOS Investment Management LLC boosted its stake in ARM by 15.8% in the 4th quarter. NEOS Investment Management LLC now owns 4,547 shares of the company's stock worth $561,000 after purchasing an additional 621 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after purchasing an additional 860,716 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ARM shares. Loop Capital lifted their target price on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group boosted their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup boosted their price target on ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Evercore ISI increased their price objective on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $163.41.

ARM Trading Up 2.5 %

Shares of NASDAQ:ARM traded up $2.70 during mid-day trading on Wednesday, reaching $109.68. The stock had a trading volume of 1,044,384 shares, compared to its average volume of 7,448,783. The company has a market cap of $114.93 billion, a P/E ratio of 144.32, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The business's 50 day moving average price is $138.20 and its 200 day moving average price is $140.15. Arm Holdings plc has a 1 year low of $85.61 and a 1 year 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.