Arm Holdings plc (NASDAQ:ARM) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in Arm Holdings plc (NASDAQ:ARM) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,305 shares of the company’s stock after selling 505 shares during the quarter. US Bancorp DE’s holdings in ARM were worth $1,271,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in ARM in the 3rd quarter valued at $52,000. Berbice Capital Management LLC purchased a new stake in ARM in the 4th quarter valued at $49,000. Farther Finance Advisors LLC grew its holdings in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares in the last quarter. Valley National Advisers Inc. grew its holdings in ARM by 13.3% in the 4th 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. Finally, MCF Advisors LLC purchased a new stake in ARM in the 4th quarter valued at $83,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Price Performance

ARM stock opened at $125.55 on Friday. The firm has a market capitalization of $131.56 billion, a P/E ratio of 165.20, a P/E/G ratio of 6.33 and a beta of 4.77. The business’s 50-day moving average is $146.69 and its two-hundred day moving average is $141.82. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

Wall Street Analyst Weigh In

ARM has been the subject of several analyst reports. Jefferies Financial Group upped their target price on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Loop Capital increased their price target on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Susquehanna increased their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, UBS Group assumed coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.23.

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.