Arm Holdings plc (NASDAQ:ARM) Shares Sold by AXQ Capital LP

AXQ Capital LP cut its position in Arm Holdings plc (NASDAQ:ARM) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,059 shares of the company’s stock after selling 147 shares during the quarter. AXQ Capital LP’s holdings in ARM were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARM. Berbice Capital Management LLC purchased a new position in shares of ARM during the fourth quarter worth about $49,000. Quantbot Technologies LP purchased a new position in shares of ARM in the 3rd quarter valued at approximately $52,000. Valley National Advisers Inc. increased its holdings 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 purchased a new stake in shares of ARM during the fourth quarter worth approximately $83,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ ARM opened at $119.07 on Monday. The firm’s 50-day moving average is $142.75 and its two-hundred day moving average is $141.01. The company has a market capitalization of $124.77 billion, a PE ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARM. Wells Fargo & Company boosted their price objective on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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. Jefferies Financial Group raised their price objective on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.