Charles Schwab Investment Management Inc. Increases Stake in Arm Holdings plc (NASDAQ:ARM)

Charles Schwab Investment Management Inc. increased its position in shares of Arm Holdings plc (NASDAQ:ARM) by 41.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,191 shares of the company’s stock after buying an additional 7,734 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ARM were worth $3,231,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARM. Steward Partners Investment Advisory LLC increased its holdings in ARM by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,255 shares of the company’s stock valued at $1,388,000 after buying an additional 839 shares during the last quarter. DJE Kapital AG acquired a new position in shares of ARM during the 4th quarter worth about $502,000. SBI Securities Co. Ltd. purchased a new position in shares of ARM in the 4th quarter valued at about $16,933,000. Jones Financial Companies Lllp increased its holdings in shares of ARM by 23.1% in the 4th quarter. Jones Financial Companies Lllp now owns 28,352 shares of the company’s stock valued at $3,498,000 after acquiring an additional 5,328 shares during the last quarter. Finally, Tower View Wealth Management LLC raised its position in shares of ARM by 1.9% during the 4th quarter. Tower View Wealth Management LLC now owns 14,632 shares of the company’s stock worth $1,805,000 after acquiring an additional 267 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARM shares. Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Raymond James lifted their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group increased their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Stock Down 2.1 %

NASDAQ:ARM opened at $112.47 on Friday. The company has a market capitalization of $117.85 billion, a PE ratio of 147.99, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The stock has a fifty day simple moving average of $140.84 and a 200-day simple moving average of $140.69.

ARM 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.