Investors Purchase Large Volume of Call Options on ARM (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) saw some unusual options trading activity on Thursday. Stock investors bought 115,667 call options on the stock. This represents an increase of approximately 67% compared to the typical daily volume of 69,342 call options.

Institutional Trading of ARM

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of ARM in the third quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC raised its holdings in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares during the period. Berbice Capital Management LLC acquired a new stake in ARM during the fourth quarter worth approximately $49,000. Quantbot Technologies LP bought a new stake in shares of ARM during the third quarter worth approximately $52,000. Finally, Farther Finance Advisors LLC grew its position in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ:ARM opened at $164.83 on Friday. The stock has a market capitalization of $172.71 billion, a PE ratio of 216.88, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The company’s 50-day moving average price is $145.73 and its two-hundred day moving average price is $139.90. ARM has a one year low of $85.61 and a one year high of $188.75.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ARM shares. Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Loop Capital lifted their price target on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. UBS Group began coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Barclays increased their price target 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.