Loomis Sayles & Co. L P Has $105.41 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Loomis Sayles & Co. L P decreased its stake in Arm Holdings plc (NASDAQ:ARM) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 854,524 shares of the company’s stock after selling 42,176 shares during the quarter. Loomis Sayles & Co. L P owned 0.08% of ARM worth $105,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership raised its position in shares of ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after acquiring an additional 860,716 shares during the period. Franklin Resources Inc. raised its holdings in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Sei Investments Co. grew its holdings in shares of ARM by 19.7% in the 4th quarter. Sei Investments Co. now owns 507,507 shares of the company’s stock valued at $62,606,000 after buying an additional 83,489 shares during the period. Finally, Zevenbergen Capital Investments LLC increased its position in shares of ARM by 19.4% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 470,533 shares of the company’s stock valued at $58,045,000 after buying an additional 76,576 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ARM shares. Rosenblatt Securities boosted their target price on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Citigroup upped their price target on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.23.

ARM Stock Down 7.5 %

Shares of NASDAQ:ARM opened at $114.93 on Thursday. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The business has a 50 day moving average of $141.54 and a 200-day moving average of $140.89. The stock has a market cap of $120.43 billion, a PE ratio of 151.23, a P/E/G ratio of 6.33 and a beta of 4.77.

About ARM

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.