Arm Holdings plc (NASDAQ:ARM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in Arm Holdings plc (NASDAQ:ARM) by 62.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,454 shares of the company’s stock after selling 5,777 shares during the period. D.A. Davidson & CO.’s holdings in ARM were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp acquired a new position in shares of ARM during the fourth quarter worth $504,000. CIBC Asset Management Inc grew its stake in shares of ARM by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 21,643 shares of the company’s stock worth $2,670,000 after purchasing an additional 1,058 shares in the last quarter. Allworth Financial LP grew its stake in shares of ARM by 94.5% during the fourth quarter. Allworth Financial LP now owns 1,023 shares of the company’s stock worth $126,000 after purchasing an additional 497 shares in the last quarter. Principal Securities Inc. grew its stake in shares of ARM by 6.3% during the fourth quarter. Principal Securities Inc. now owns 4,384 shares of the company’s stock worth $541,000 after purchasing an additional 261 shares in the last quarter. Finally, Quantum Private Wealth LLC grew its stake in shares of ARM by 8.9% during the fourth quarter. Quantum Private Wealth LLC now owns 10,300 shares of the company’s stock worth $1,271,000 after purchasing an additional 838 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 2.7 %

Shares of ARM stock opened at $136.70 on Wednesday. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The stock has a market cap of $143.24 billion, a PE ratio of 179.87, a price-to-earnings-growth ratio of 6.33 and a beta of 4.56. The company has a 50-day moving average of $147.43 and a two-hundred day moving average of $141.95.

Analyst Ratings Changes

A number of equities analysts recently commented on ARM shares. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Barclays upped their price objective 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. Rosenblatt Securities upped their price objective 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. Evercore ISI upped their price objective on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average target price of $162.83.

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.