UNICOM Systems Inc. Invests $13.67 Million in Arm Holdings plc (NASDAQ:ARM)

UNICOM Systems Inc. acquired a new position in Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 110,840 shares of the company’s stock, valued at approximately $13,673,000. ARM accounts for approximately 3.3% of UNICOM Systems Inc.’s investment portfolio, making the stock its 9th biggest holding.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of ARM in the 2nd quarter worth $737,000. Brookstone Capital Management increased its holdings in ARM by 12.4% during the third quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after buying an additional 156 shares during the last quarter. Ritholtz Wealth Management raised its position in ARM by 23.2% in the third quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock worth $395,000 after acquiring an additional 520 shares during the period. Concourse Financial Group Securities Inc. boosted its stake in shares of ARM by 10.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,890 shares of the company’s stock worth $413,000 after acquiring an additional 263 shares during the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of ARM during the 3rd quarter valued at $110,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM stock opened at $160.84 on Tuesday. The company has a market capitalization of $168.53 billion, a PE ratio of 211.63, a P/E/G ratio of 7.83 and a beta of 4.57. The company has a 50 day moving average price of $144.69 and a 200-day moving average price of $139.64. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ARM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price target on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. TD Cowen increased their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.