4,258 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Townsquare Capital LLC

Townsquare Capital LLC bought a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,258 shares of the company's stock, valued at approximately $525,000.

A number of other hedge funds have also modified their holdings of ARM. Berbice Capital Management LLC acquired a new position in ARM during the 4th quarter worth about $49,000. Valley National Advisers Inc. grew its holdings in shares of 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 purchasing an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new stake in ARM during the 4th quarter worth approximately $83,000. Farther Finance Advisors LLC lifted its holdings in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after buying an additional 453 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after buying an additional 258 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ARM shares. Barclays reduced their price objective on ARM from $155.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday. Benchmark reiterated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Morgan Stanley cut their target price 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. Bank of America decreased their price objective on shares of ARM from $180.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, KGI Securities assumed coverage on ARM in a research note on Tuesday, April 15th. They set a "neutral" rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $164.70.

ARM Stock Performance

ARM stock traded up $6.56 during midday trading on Thursday, reaching $111.72. The company's stock had a trading volume of 4,200,313 shares, compared to its average volume of 7,277,512. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The firm has a market capitalization of $117.06 billion, a PE ratio of 147.00, a P/E/G ratio of 6.33 and a beta of 4.48. The stock's 50 day simple moving average is $116.23 and its 200 day simple moving average is $134.98.

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.