iA Global Asset Management Inc. Grows Holdings in Arm Holdings plc (NASDAQ:ARM)

iA Global Asset Management Inc. raised its position in Arm Holdings plc (NASDAQ:ARM) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,805 shares of the company’s stock after purchasing an additional 1,049 shares during the period. iA Global Asset Management Inc.’s holdings in ARM were worth $1,703,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in ARM in the third quarter valued at $52,000. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter valued at about $49,000. Valley National Advisers Inc. grew 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 valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC acquired a new stake in shares of ARM in the fourth quarter valued at about $83,000. Finally, Farther Finance Advisors LLC grew its position in shares of ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ARM shares. Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Loop Capital lifted their target price on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Evercore ISI boosted their price target on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their price target on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $165.23.

ARM Stock Performance

ARM stock opened at $119.07 on Friday. The company’s 50 day simple moving average is $142.75 and its 200-day simple moving average is $140.75. The company has a market capitalization of $124.77 billion, a price-to-earnings ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

ARM 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.