3,800 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,800 shares of the company's stock, valued at approximately $471,000.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. boosted its stake in shares of 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 purchasing an additional 228,467 shares during the period. Rheos Capital Works Inc. boosted its position in ARM by 29.6% in the 4th quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company's stock valued at $30,211,000 after buying an additional 56,000 shares during the period. State Street Corp boosted its position in ARM by 19.2% in the 3rd quarter. State Street Corp now owns 221,854 shares of the company's stock valued at $31,727,000 after buying an additional 35,720 shares during the period. Cibc World Market Inc. grew its stake in ARM by 18.9% in the 4th quarter. Cibc World Market Inc. now owns 219,613 shares of the company's stock worth $27,091,000 after acquiring an additional 34,847 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ARM during the fourth quarter worth approximately $22,705,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

ARM has been the subject of a number of research reports. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Jefferies Financial Group upped their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Barclays raised their price target on ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Finally, Rosenblatt Securities increased their target price on shares of ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.23.

ARM Price Performance

ARM stock traded up $1.35 during midday trading on Friday, reaching $131.69. The company's stock had a trading volume of 4,245,403 shares, compared to its average volume of 6,373,562. The stock has a market capitalization of $137.99 billion, a P/E ratio of 173.28, a PEG ratio of 6.33 and a beta of 4.56. The stock's 50-day simple moving average is $147.45 and its 200-day simple moving average is $141.85. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

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.