Horizon Investments LLC Purchases 8,284 Shares of Arm Holdings plc (NASDAQ:ARM)

Horizon Investments LLC lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 204.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,333 shares of the company’s stock after purchasing an additional 8,284 shares during the quarter. Horizon Investments LLC’s holdings in ARM were worth $1,521,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in ARM in the third quarter valued at approximately $52,000. Berbice Capital Management LLC acquired a new stake in shares of ARM in the 4th quarter valued at approximately $49,000. Valley National Advisers Inc. grew its stake in shares of ARM by 13.3% in the fourth 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. MCF Advisors LLC acquired a new position in ARM during the fourth quarter worth $83,000. Finally, Farther Finance Advisors LLC raised its position in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 1.5 %

Shares of ARM stock opened at $117.91 on Thursday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The business has a fifty day simple moving average of $143.70 and a 200 day simple moving average of $141.00. The company has a market cap of $123.55 billion, a P/E ratio of 155.15, a P/E/G ratio of 6.33 and a beta of 4.77.

Analyst Upgrades and Downgrades

ARM has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Raymond James boosted their price target on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Susquehanna boosted their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Barclays lifted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.