WealthTrust Asset Management LLC Raises Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

WealthTrust Asset Management LLC grew its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 145.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,876 shares of the company's stock after buying an additional 5,852 shares during the period. ARM makes up about 0.9% of WealthTrust Asset Management LLC's investment portfolio, making the stock its 26th largest holding. WealthTrust Asset Management LLC's holdings in ARM were worth $1,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in ARM in the 3rd quarter worth about $52,000. Berbice Capital Management LLC purchased a new position in shares of ARM during the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. raised its holdings 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 last quarter. MCF Advisors LLC bought a new position in ARM during the fourth quarter valued at approximately $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 worth $107,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

ARM has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of ARM in a report on Thursday, February 6th. Mizuho boosted their price target on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Loop Capital increased their price objective 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. Finally, The Goldman Sachs Group raised their price objective on shares of ARM from $159.00 to $174.00 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 issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.23.

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ARM Stock Performance

Shares of ARM stock traded up $1.16 on Thursday, hitting $119.07. 2,329,750 shares of the company traded hands, compared to its average volume of 7,598,811. The business has a 50-day simple moving average of $143.70 and a 200 day simple moving average of $141.00. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market capitalization of $124.77 billion, a P/E ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

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.