Annis Gardner Whiting Capital Advisors LLC Raises Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Annis Gardner Whiting Capital Advisors LLC increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,265 shares of the company’s stock after buying an additional 205 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in ARM were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Bank of New York Mellon Corp increased its stake in ARM by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock valued at $12,990,000 after purchasing an additional 5,440 shares during the period. Modus Advisors LLC raised its stake in ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,453 shares during the last quarter. XTX Topco Ltd lifted its position in ARM by 150.1% during the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after acquiring an additional 3,893 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,707 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARM. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Barclays boosted their price target on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Raymond James increased their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Cfra Research raised ARM to a “hold” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company boosted their target price on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Trading Down 9.6 %

NASDAQ:ARM opened at $97.72 on Friday. The firm has a market cap of $102.39 billion, a price-to-earnings ratio of 128.58, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The company’s 50-day moving average is $135.38 and its two-hundred day moving average is $139.63.

ARM 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.