First National Bank of Hutchinson Acquires 149 Shares of Arm Holdings plc (NASDAQ:ARM)

First National Bank of Hutchinson increased its stake in Arm Holdings plc (NASDAQ:ARM) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,996 shares of the company’s stock after purchasing an additional 149 shares during the quarter. First National Bank of Hutchinson’s holdings in ARM were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of ARM in the third quarter valued at approximately $52,000. Berbice Capital Management LLC bought a new position in shares of ARM in the fourth quarter worth $49,000. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of ARM in the fourth quarter worth $83,000. Finally, Farther Finance Advisors LLC grew its position in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after buying an additional 453 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of ARM opened at $117.91 on Thursday. The company has a 50-day simple moving average of $143.70 and a two-hundred day simple moving average of $141.00. The firm has a market capitalization of $123.55 billion, a PE ratio of 155.15, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of research analyst reports. Barclays lifted their price target on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna boosted their price target 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 reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Citigroup upped their target price on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Rosenblatt Securities raised their price target on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.23.

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.