Arm Holdings plc (NASDAQ:ARM) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,696 shares of the company's stock after selling 21,183 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in ARM were worth $826,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ARM. Schroder Investment Management Group raised its position in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after buying an additional 464,719 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. FMR LLC lifted its stake in ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after purchasing an additional 133,034 shares in the last quarter. Franklin Resources Inc. boosted its stake in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after buying an additional 228,467 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in ARM by 1.9% during the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock valued at $109,644,000 after buying an additional 16,400 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Down 1.1 %

NASDAQ ARM traded down $1.26 on Monday, hitting $112.08. 3,237,366 shares of the company's stock traded hands, compared to its average volume of 7,241,520. The firm's 50-day moving average price is $114.34 and its two-hundred day moving average price is $134.37. The firm has a market capitalization of $117.44 billion, a PE ratio of 147.48, a P/E/G ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a 1-year low of $80.00 and a 1-year high of $188.75.

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent research reports. Morgan Stanley decreased their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Barclays cut their target price on ARM from $155.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI boosted their price objective on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Loop Capital lifted their price target on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.95.

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.