AFT Forsyth & Company Inc. Has $1.97 Million Stake in Arm Holdings plc (NASDAQ:ARM)

AFT Forsyth & Company Inc. boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,951 shares of the company’s stock after buying an additional 545 shares during the quarter. ARM comprises approximately 1.0% of AFT Forsyth & Company Inc.’s investment portfolio, making the stock its 24th largest holding. AFT Forsyth & Company Inc.’s holdings in ARM were worth $1,968,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Brookstone Capital Management lifted its position in shares of ARM by 12.4% in the 3rd quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock worth $202,000 after purchasing an additional 156 shares during the period. Ritholtz Wealth Management raised its stake in ARM by 23.2% during the third quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock worth $395,000 after buying an additional 520 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its holdings in ARM by 10.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 2,890 shares of the company’s stock valued at $413,000 after buying an additional 263 shares during the period. ORG Partners LLC bought a new stake in ARM during the third quarter valued at $29,000. Finally, Wesbanco Bank Inc. acquired a new stake in ARM during the 3rd quarter worth about $543,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $155.41 on Thursday. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The firm has a 50-day moving average of $145.73 and a 200-day moving average of $139.90. The company has a market cap of $162.84 billion, a P/E ratio of 204.49, a P/E/G ratio of 7.83 and a beta of 4.57.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARM. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Raymond James boosted their price target on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Loop Capital raised their price objective on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research note on Thursday, October 31st. Finally, TD Cowen increased their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.