Rakuten Securities Inc. Cuts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Rakuten Securities Inc. cut its stake in Arm Holdings plc (NASDAQ:ARM) by 56.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,911 shares of the company’s stock after selling 35,799 shares during the quarter. ARM comprises 1.4% of Rakuten Securities Inc.’s holdings, making the stock its 13th largest holding. Rakuten Securities Inc.’s holdings in ARM were worth $3,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARM. Quantbot Technologies LP purchased a new position in shares of ARM during the third quarter valued at approximately $52,000. Berbice Capital Management LLC bought a new position in ARM in the 4th quarter worth $49,000. Farther Finance Advisors LLC lifted its stake in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of ARM during the 4th quarter valued at about $83,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Susquehanna upped their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Raymond James boosted their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted their price target on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Loop Capital upped their target price 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM Stock Down 4.2 %

Shares of ARM opened at $111.49 on Wednesday. The company has a 50-day simple moving average of $146.26 and a 200-day simple moving average of $141.63. The company has a market capitalization of $116.82 billion, a PE ratio of 146.70, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

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.