Asset Management One Co. Ltd. Boosts Holdings in Arm Holdings plc (NASDAQ:ARM)

Asset Management One Co. Ltd. increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 52.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,903 shares of the company’s stock after buying an additional 999 shares during the quarter. Asset Management One Co. Ltd.’s holdings in ARM were worth $375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of ARM in the third quarter worth approximately $52,000. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC lifted its holdings in ARM by 45.8% during 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 in the last quarter. Valley National Advisers Inc. lifted its holdings in ARM by 71.7% during the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock valued at $77,000 after purchasing an additional 226 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in ARM during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Down 2.3 %

ARM stock opened at $150.85 on Friday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a market capitalization of $158.07 billion, a price-to-earnings ratio of 198.49, a price-to-earnings-growth ratio of 7.01 and a beta of 4.57. The firm’s fifty day simple moving average is $147.79 and its two-hundred day simple moving average is $140.98.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Rosenblatt Securities lifted their price objective on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen lifted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Finally, Barclays lifted their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

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.