Fisher Asset Management LLC Buys 1,351 Shares of Arm Holdings plc (NASDAQ:ARM)

Fisher Asset Management LLC raised its stake in Arm Holdings plc (NASDAQ:ARM) by 81.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,008 shares of the company’s stock after acquiring an additional 1,351 shares during the period. Fisher Asset Management LLC’s holdings in ARM were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARM. Tufton Capital Management raised its position in ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of 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 purchasing an additional 72 shares during the last quarter. Zullo Investment Group Inc. lifted its position in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after buying an additional 85 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of ARM by 3.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock worth $409,000 after buying an additional 98 shares during the last quarter. Finally, Hobbs Group Advisors LLC boosted its stake in ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after buying an additional 100 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ ARM opened at $125.55 on Friday. The stock has a market cap of $131.56 billion, a price-to-earnings ratio of 165.20, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The firm’s 50-day simple moving average is $146.69 and its 200 day simple moving average is $141.73.

Analyst Ratings Changes

Several brokerages recently issued reports on ARM. JPMorgan Chase & Co. lifted their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup upped their target price on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Susquehanna increased their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two investment 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 company’s stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

About ARM

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.