Sei Investments Co. Acquires 83,489 Shares of Arm Holdings plc (NASDAQ:ARM)

Sei Investments Co. raised its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,507 shares of the company's stock after acquiring an additional 83,489 shares during the period. Sei Investments Co.'s holdings in ARM were worth $62,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARM. Empowered Funds LLC raised its holdings in shares of ARM by 37.9% in the 3rd quarter. Empowered Funds LLC now owns 3,995 shares of the company's stock worth $571,000 after buying an additional 1,098 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in ARM during the third quarter worth $772,000. PNC Financial Services Group Inc. lifted its holdings in shares of ARM by 29.2% during the third quarter. PNC Financial Services Group Inc. now owns 9,992 shares of the company's stock valued at $1,429,000 after acquiring an additional 2,256 shares during the period. Commerce Bank acquired a new stake in shares of ARM in the 3rd quarter valued at $276,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of ARM by 147.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,652 shares of the company's stock worth $379,000 after purchasing an additional 1,579 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ:ARM traded down $0.72 during trading on Tuesday, reaching $124.14. The stock had a trading volume of 1,348,194 shares, compared to its average volume of 7,570,551. The stock has a market cap of $130.07 billion, a price-to-earnings ratio of 163.34, a P/E/G ratio of 6.33 and a beta of 4.77. The firm's fifty day moving average is $142.51 and its 200 day moving average is $141.02. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ARM. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Benchmark restated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Citigroup upped their price target 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. Finally, Loop Capital raised their price objective on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ARM has an average 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.