HighPoint Advisor Group LLC Has $492,000 Position in Arm Holdings plc (NASDAQ:ARM)

HighPoint Advisor Group LLC raised its stake in Arm Holdings plc (NASDAQ:ARM) by 9.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,985 shares of the company’s stock after buying an additional 348 shares during the quarter. HighPoint Advisor Group LLC’s holdings in ARM were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Tufton Capital Management raised its stake in ARM by 1.5% in 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 holdings in 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 buying an additional 72 shares during the period. Zullo Investment Group Inc. raised its position in shares of ARM by 4.6% in the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock valued at $236,000 after buying an additional 85 shares in the last quarter. Cibc World Markets Corp lifted its holdings in shares of ARM by 3.5% during the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock worth $350,000 after acquiring an additional 96 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted 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 acquiring an additional 98 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARM has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Susquehanna lifted 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. Loop Capital boosted their target price on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Barclays raised their price target on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Morgan Stanley lowered their price objective on shares of ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $163.41.

ARM Trading Up 1.1 %

Shares of ARM opened at $108.14 on Thursday. The firm’s fifty day simple moving average is $136.76 and its two-hundred day simple moving average is $139.93. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75. The stock has a market capitalization of $113.31 billion, a P/E ratio of 142.29, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

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.