Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. grew its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,650 shares of the company’s stock after purchasing an additional 240 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in ARM were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ARM. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares during the last quarter. Franklin Resources Inc. raised its holdings 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 buying an additional 228,467 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of ARM during the fourth quarter valued at approximately $22,705,000. UNICOM Systems Inc. bought a new stake in shares of ARM during the fourth quarter valued at approximately $13,673,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of ARM during the fourth quarter valued at approximately $11,189,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Down 4.0 %

ARM stock opened at $144.87 on Friday. The company’s fifty day simple moving average is $147.65 and its 200-day simple moving average is $141.22. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75. The stock has a market cap of $151.80 billion, a P/E ratio of 190.62, a P/E/G ratio of 6.75 and a beta of 4.57.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ARM shares. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Raymond James boosted their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Mizuho boosted their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group boosted 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average target price of $162.83.

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.