Kestra Private Wealth Services LLC Sells 217 Shares of Arm Holdings plc (NASDAQ:ARM)

Kestra Private Wealth Services LLC reduced its position in Arm Holdings plc (NASDAQ:ARM) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,241 shares of the company’s stock after selling 217 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in ARM were worth $523,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC boosted its holdings in 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 acquiring an additional 117 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in ARM in the 4th quarter valued at $49,000. Quantbot Technologies LP bought a new stake in ARM during the 3rd quarter valued at $52,000. Farther Finance Advisors LLC raised its holdings in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ARM. 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. Citigroup raised their target price on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. TD Cowen upped their price target on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James raised their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $159.54 on Friday. The firm has a market cap of $167.17 billion, a PE ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The firm’s 50 day simple moving average is $146.64 and its 200-day simple moving average is $140.19. 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.