Dearborn Partners LLC Raises Holdings in Arm Holdings plc (NASDAQ:ARM)

Dearborn Partners LLC increased its position in Arm Holdings plc (NASDAQ:ARM) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,150 shares of the company’s stock after buying an additional 150 shares during the period. Dearborn Partners LLC’s holdings in ARM were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in ARM during the fourth quarter valued at $49,000. Quantbot Technologies LP bought a new position in shares of ARM in the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC grew its position in 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 in the last quarter. Valley National Advisers Inc. increased its stake in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in ARM during the fourth quarter valued at approximately $83,000. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of ARM stock opened at $111.49 on Wednesday. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The stock has a market cap of $116.82 billion, a price-to-earnings ratio of 146.70, a PEG ratio of 6.33 and a beta of 4.77. The firm’s 50-day moving average is $146.26 and its two-hundred day moving average is $141.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ARM shares. The Goldman Sachs Group lifted their target price on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays lifted their price objective 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. Rosenblatt Securities increased their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Loop Capital upped their price target on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM 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.