GAM Holding AG Reduces Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

GAM Holding AG lessened its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,723 shares of the company’s stock after selling 974 shares during the period. GAM Holding AG’s holdings in ARM were worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC grew its stake in shares of ARM by 83.0% during the 3rd 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 acquired a new stake in ARM during the third quarter valued at $52,000. Berbice Capital Management LLC purchased a new position in ARM in the fourth quarter valued at $49,000. Farther Finance Advisors LLC raised 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 acquiring an additional 131 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in shares of ARM by 71.7% during the 3rd quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM stock opened at $159.54 on Tuesday. The firm has a market cap of $167.17 billion, a P/E ratio of 209.92, a P/E/G ratio of 7.83 and a beta of 4.57. The firm’s 50 day moving average price is $147.04 and its 200-day moving average price is $140.48. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARM. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Citigroup lifted their price target on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho raised their price objective on ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Susquehanna upped their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Barclays raised their price target on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.83.

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.