Leavell Investment Management Inc. Makes New $548,000 Investment in Arm Holdings plc (NASDAQ:ARM)

Leavell Investment Management Inc. acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,440 shares of the company’s stock, valued at approximately $548,000.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of ARM in the third quarter worth $29,000. Gilliland Jeter Wealth Management LLC increased its position in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. Quantbot Technologies LP bought a new position in shares of ARM in the third quarter worth $52,000. Berbice Capital Management LLC bought a new position in shares of ARM in the fourth quarter worth $49,000. Finally, Farther Finance Advisors LLC increased its position in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ARM shares. Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Barclays raised their price objective on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Price Performance

ARM stock opened at $164.83 on Friday. The stock’s 50 day moving average is $145.73 and its 200 day moving average is $139.90. The firm has a market cap of $172.71 billion, a P/E ratio of 216.88, a P/E/G ratio of 7.83 and a beta of 4.57. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

About ARM

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.