Vontobel Holding Ltd. Purchases 15,046 Shares of Arm Holdings plc (NASDAQ:ARM)

Vontobel Holding Ltd. lifted its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 57.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,148 shares of the company's stock after buying an additional 15,046 shares during the period. Vontobel Holding Ltd.'s holdings in ARM were worth $5,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. grew its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in ARM by 3.0% during the fourth 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 in the last quarter. Louisiana State Employees Retirement System lifted its stake in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock worth $1,359,000 after purchasing an additional 100 shares during the last quarter. Hobbs Group Advisors LLC boosted its holdings 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 valued at $208,000 after purchasing an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company's stock valued at $281,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARM. Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Citigroup increased their price objective on shares of ARM from $170.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their target price on shares of ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ARM has an average rating of "Moderate Buy" and a consensus price target of $162.83.

ARM Price Performance

Shares of NASDAQ:ARM traded down $5.96 during trading on Wednesday, reaching $154.36. 5,190,890 shares of the stock were exchanged, compared to its average volume of 6,808,150. The stock has a fifty day moving average of $147.51 and a two-hundred day moving average of $140.82. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The firm has a market cap of $161.74 billion, a price-to-earnings ratio of 203.11, a price-to-earnings-growth ratio of 6.98 and a beta of 4.57.

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.