TigerOak Management L.L.C. Purchases New Shares in Arm Holdings plc (NASDAQ:ARM)

TigerOak Management L.L.C. acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,725 shares of the company's stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARM. Valley National Advisers Inc. lifted its holdings in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after acquiring an additional 72 shares during the period. Gladstone Institutional Advisory LLC increased its position in shares of ARM by 3.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company's stock valued at $409,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of ARM by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock valued at $1,359,000 after purchasing an additional 100 shares during the last quarter. Hobbs Group Advisors LLC lifted its stake in shares of ARM by 7.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company's stock worth $208,000 after purchasing an additional 100 shares during the period. Finally, Great Valley Advisor Group Inc. grew its position in ARM by 5.5% during the third 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. Institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen increased their price target on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. UBS Group started coverage on ARM in a research report on Monday, November 25th. They set a "buy" rating and a $160.00 price objective on the stock. Finally, Loop Capital raised their target price 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 research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.83.

ARM Stock Performance

Shares of NASDAQ:ARM traded down $5.96 on Wednesday, reaching $154.36. The company's stock had a trading volume of 5,212,383 shares, compared to its average volume of 6,808,893. The company has a 50-day simple moving average of $147.51 and a 200 day simple moving average of $140.82. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The company has a market cap of $161.74 billion, a P/E ratio of 203.11, a PEG ratio of 6.98 and a beta of 4.57.

About ARM

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.