Arm Holdings plc (NASDAQ:ARM) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its position in shares of Arm Holdings plc (NASDAQ:ARM) by 85.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 571 shares of the company’s stock after selling 3,466 shares during the quarter. IFP Advisors Inc’s holdings in ARM were worth $70,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Franklin Resources Inc. raised its stake in 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 buying an additional 228,467 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of ARM during the 4th quarter worth approximately $22,705,000. UNICOM Systems Inc. acquired a new stake in shares of ARM during the 4th quarter worth approximately $13,673,000. Handelsbanken Fonder AB acquired a new stake in shares of ARM during the 4th quarter worth approximately $11,189,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of ARM during the 3rd quarter worth approximately $11,646,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ARM shares. Mizuho increased their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barclays increased their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. The Goldman Sachs Group increased their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. TD Cowen raised their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group started coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Up 1.9 %

ARM opened at $124.78 on Thursday. The firm has a market cap of $130.75 billion, a PE ratio of 164.19, a P/E/G ratio of 6.33 and a beta of 4.57. The business has a fifty day simple moving average of $147.00 and a 200-day simple moving average of $141.95. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

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.