Thornburg Investment Management Inc. lowered its position in shares of Arm Holdings plc (NASDAQ:ARM – Free Report) by 91.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,669 shares of the company’s stock after selling 107,794 shares during the period. Thornburg Investment Management Inc.’s holdings in ARM were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ARM. Mark Sheptoff Financial Planning LLC purchased a new position in ARM in the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. bought a new stake in shares of ARM in the first quarter worth approximately $35,000. Naples Money Management LLC raised its holdings in shares of ARM by 47.8% during the first quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after purchasing an additional 110 shares during the last quarter. Northwest Financial Advisors bought a new position in ARM during the fourth quarter valued at approximately $46,000. Finally, DSM Capital Partners LLC purchased a new stake in ARM in the fourth quarter worth approximately $50,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.
ARM Trading Down 8.2 %
ARM traded down 14.02 during trading on Wednesday, reaching 157.68. 9,297,700 shares of the company traded hands, compared to its average volume of 12,783,568. Arm Holdings plc has a 12-month low of 46.50 and a 12-month high of 188.75. The firm has a fifty day simple moving average of 149.65 and a 200 day simple moving average of 123.66.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on ARM from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Monday, May 6th. Susquehanna restated a “neutral” rating and set a $85.00 price target on shares of ARM in a research note on Thursday, April 4th. Bank of America increased their price objective on shares of ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Evercore ISI cut their target price on shares of ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of 109.08.
View Our Latest Stock Report on ARM
ARM Profile
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.
See Also
- Five stocks we like better than ARM
- Best Aerospace Stocks Investing
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- Dividend Payout Ratio Calculator
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arm Holdings plc (NASDAQ:ARM – Free Report).
Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.