Sigma Planning Corp Has $277,000 Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Sigma Planning Corp decreased its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 86.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,246 shares of the company's stock after selling 14,755 shares during the period. Sigma Planning Corp's holdings in ARM were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARM. Franklin Resources Inc. raised its holdings in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after acquiring an additional 228,467 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of ARM in the 4th quarter valued at approximately $22,705,000. UNICOM Systems Inc. bought a new position in shares of ARM in the fourth quarter valued at $13,673,000. Handelsbanken Fonder AB acquired a new position in ARM during the fourth quarter worth $11,189,000. Finally, Erste Asset Management GmbH bought a new stake in ARM during the third quarter worth $11,646,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Price Performance

NASDAQ ARM traded up $4.23 during trading hours on Tuesday, reaching $125.33. The company's stock had a trading volume of 6,146,149 shares, compared to its average volume of 6,386,275. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market cap of $131.33 billion, a P/E ratio of 164.92, a P/E/G ratio of 6.33 and a beta of 4.57. The firm has a fifty day simple moving average of $147.32 and a 200-day simple moving average of $142.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ARM shares. Mizuho lifted their target price on ARM from $160.00 to $180.00 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 report on Thursday, February 6th. Wells Fargo & Company increased their target price on ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a "buy" rating and a $160.00 price objective on the stock. Two 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus target price 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.