Andar Capital Management HK Ltd Invests $2.76 Million in Arm Holdings plc (NASDAQ:ARM)

Andar Capital Management HK Ltd purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,400 shares of the company’s stock, valued at approximately $2,763,000. ARM comprises approximately 3.6% of Andar Capital Management HK Ltd’s holdings, making the stock its 12th biggest holding.

A number of other large investors also recently modified their holdings of ARM. Bank Julius Baer & Co. Ltd Zurich lifted its holdings 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 buying an additional 791,392 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ARM during the fourth quarter valued at approximately $32,655,000. Franklin Resources Inc. increased its position in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the period. SG Americas Securities LLC bought a new stake in shares of ARM during the fourth quarter valued at approximately $22,705,000. Finally, Wellington Shields Capital Management LLC increased its position in shares of ARM by 12,236.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 185,040 shares of the company’s stock valued at $22,827,000 after purchasing an additional 183,540 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Down 1.4 %

Shares of ARM opened at $119.72 on Wednesday. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The firm has a market capitalization of $125.45 billion, a PE ratio of 157.53, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The stock’s fifty day simple moving average is $144.25 and its 200-day simple moving average is $141.16.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Barclays boosted their price objective on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.23.

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.