Arm Holdings plc (NASDAQ:ARM) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in shares of Arm Holdings plc (NASDAQ:ARM) by 75.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,175 shares of the company’s stock after purchasing an additional 15,073 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ARM were worth $4,329,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ARM. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of ARM by 46.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,487 shares of the company’s stock valued at $4,503,000 after acquiring an additional 10,047 shares during the period. Victory Capital Management Inc. lifted its holdings in ARM by 5.1% in the third 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 during the period. OneDigital Investment Advisors LLC acquired a new stake in ARM in the third quarter worth about $223,000. CIBC Asset Management Inc lifted its holdings in ARM by 9.8% in the third quarter. CIBC Asset Management Inc now owns 20,585 shares of the company’s stock worth $2,944,000 after purchasing an additional 1,840 shares during the period. Finally, Empowered Funds LLC lifted its holdings in ARM by 37.9% in the third quarter. Empowered Funds LLC now owns 3,995 shares of the company’s stock worth $571,000 after purchasing an additional 1,098 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James upped their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Evercore ISI upped their price objective on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group upped their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Mizuho upped their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Trading Down 1.4 %

NASDAQ ARM opened at $119.72 on Wednesday. The company has a market cap of $125.45 billion, a PE ratio of 157.53, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The stock’s 50-day moving average price is $144.25 and its two-hundred day moving average price is $141.16.

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.