Pictet Asset Management Holding SA Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Pictet Asset Management Holding SA acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,790 shares of the company’s stock, valued at approximately $1,701,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in ARM in the 4th quarter worth about $49,000. Quantbot Technologies LP bought a new position in shares of ARM during the third quarter valued at approximately $52,000. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares during the period. MCF Advisors LLC bought a new stake in shares of ARM during the 4th quarter worth approximately $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after acquiring an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Down 10.2 %

Shares of ARM opened at $87.71 on Friday. Arm Holdings plc has a 12 month low of $84.39 and a 12 month high of $188.75. The stock has a fifty day moving average price of $133.89 and a 200-day moving average price of $139.28. The firm has a market cap of $91.91 billion, a PE ratio of 115.41, a P/E/G ratio of 6.33 and a beta of 4.77.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of recent analyst reports. Rosenblatt Securities boosted 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. Raymond James upped their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Barclays lifted their price target on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Loop Capital increased their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.41.

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.