Louisiana State Employees Retirement System Cuts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Louisiana State Employees Retirement System lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,400 shares of the company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ARM were worth $1,160,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after purchasing an additional 806,676 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the period. SG Americas Securities LLC bought a new position in ARM during the fourth quarter valued at approximately $22,705,000. Finally, UNICOM Systems Inc. acquired a new position in shares of ARM during the 4th quarter valued at about $13,673,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

NASDAQ:ARM opened at $159.54 on Monday. The firm has a market cap of $167.17 billion, a price-to-earnings ratio of 209.92, a PEG ratio of 7.83 and a beta of 4.57. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The business’s fifty day moving average is $146.64 and its 200 day moving average is $140.22.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research reports. Loop Capital raised their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Mizuho lifted their price objective on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Raymond James raised their price target on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays lifted their price objective on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

About ARM

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.