Arm Holdings plc (NASDAQ:ARM) Position Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 232.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,608 shares of the company's stock after acquiring an additional 16,498 shares during the period. Tower Research Capital LLC TRC's holdings in ARM were worth $2,912,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GeoWealth Management LLC lifted its holdings in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Berbice Capital Management LLC acquired a new position in ARM during the 4th quarter worth approximately $49,000. Valley National Advisers Inc. raised its stake in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC acquired a new stake in ARM during the 4th quarter valued at $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after purchasing an additional 453 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ARM shares. Morgan Stanley dropped their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Bank of America cut their price target on shares of ARM from $180.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Evercore ISI upped their price objective on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Barclays decreased their price objective on shares of ARM from $155.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.70.

ARM Stock Up 6.5 %

ARM stock traded up $6.85 during midday trading on Thursday, hitting $112.01. The company's stock had a trading volume of 5,018,573 shares, compared to its average volume of 7,260,093. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The company has a market capitalization of $117.37 billion, a PE ratio of 147.38, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. The stock's 50-day moving average price is $115.28 and its 200-day moving average price is $134.78.

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.