Arm Holdings plc (NASDAQ:ARM) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,494 shares of the company's stock after selling 1,993 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in ARM were worth $3,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. increased its stake in 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 buying an additional 72 shares during the period. Louisiana State Employees Retirement System increased its stake in ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock valued at $1,359,000 after buying an additional 100 shares during the period. Hobbs Group Advisors LLC increased its stake in ARM by 7.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company's stock valued at $208,000 after buying an additional 100 shares during the period. Great Valley Advisor Group Inc. increased its stake in ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company's stock valued at $281,000 after buying an additional 102 shares during the period. Finally, Crescent Sterling Ltd. increased its stake in ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company's stock valued at $232,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

NASDAQ ARM traded down $5.29 during mid-day trading on Monday, hitting $159.54. The company's stock had a trading volume of 6,068,253 shares, compared to its average volume of 7,368,904. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The stock's fifty day simple moving average is $147.04 and its two-hundred day simple moving average is $140.48. The firm has a market capitalization of $167.17 billion, a P/E ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Sanford C. Bernstein cut shares of ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price objective on the stock. in a research note on Thursday, October 31st. Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Susquehanna upped their price target on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ARM has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

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.