Arm Holdings plc (NASDAQ:ARM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Arm Holdings plc (NASDAQ:ARM) by 200.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 331,284 shares of the company’s stock after purchasing an additional 221,203 shares during the period. American Century Companies Inc.’s holdings in ARM were worth $40,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after acquiring an additional 791,392 shares during the period. Raymond James Financial Inc. acquired a new position in ARM in the fourth quarter valued at $32,655,000. Franklin Resources Inc. raised 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 buying an additional 228,467 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ARM during the fourth quarter worth about $22,705,000. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of ARM by 12,236.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 185,040 shares of the company’s stock worth $22,827,000 after buying an additional 183,540 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Cfra Research raised ARM to a “hold” rating in a research note on Friday, March 21st. Mizuho increased their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Loop Capital boosted their price objective on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities boosted their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.23.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $112.47 on Friday. The business’s fifty day moving average price is $140.84 and its two-hundred day moving average price is $140.69. The stock has a market cap of $117.85 billion, a PE ratio of 147.99, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

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.