Viawealth LLC Has $271,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

Viawealth LLC boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,200 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Viawealth LLC’s holdings in ARM were worth $271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Victory Capital Management Inc. grew its position in ARM by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 56,421 shares of the company’s stock worth $8,069,000 after purchasing an additional 2,745 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of ARM during the third quarter valued at $223,000. Empowered Funds LLC raised its position in ARM by 37.9% during the third quarter. Empowered Funds LLC now owns 3,995 shares of the company’s stock valued at $571,000 after buying an additional 1,098 shares during the period. Banque Cantonale Vaudoise lifted its stake in ARM by 94.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,865 shares of the company’s stock worth $553,000 after acquiring an additional 1,874 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in ARM in the 3rd quarter worth about $772,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

NASDAQ ARM opened at $117.91 on Thursday. The stock has a market capitalization of $123.55 billion, a PE ratio of 155.15, a P/E/G ratio of 6.33 and a beta of 4.77. The stock has a 50-day simple moving average of $143.70 and a 200 day simple moving average of $141.00. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna upped their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Raymond James lifted their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.