Holderness Investments Co. Raises Holdings in Arm Holdings plc (NASDAQ:ARM)

Holderness Investments Co. lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,761 shares of the company’s stock after purchasing an additional 110 shares during the quarter. Holderness Investments Co.’s holdings in ARM were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in ARM in the 4th quarter worth approximately $49,000. Quantbot Technologies LP purchased a new position in shares of ARM in the 3rd quarter worth $52,000. Valley National Advisers Inc. grew its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the period. MCF Advisors LLC purchased a new stake in ARM during the fourth quarter valued at $83,000. Finally, Farther Finance Advisors LLC lifted its holdings in ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after acquiring an additional 453 shares during the period. 7.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARM. Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI upped their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted 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. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Stock Performance

NASDAQ:ARM opened at $119.07 on Friday. The business’s 50-day moving average is $142.75 and its 200 day moving average is $140.75. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75. The company has a market capitalization of $124.77 billion, a P/E ratio of 156.67, a P/E/G ratio of 6.33 and a beta of 4.77.

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.