Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Arm Holdings plc (NASDAQ:ARM) by 6.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,534 shares of the company’s stock after acquiring an additional 982 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ARM were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares in the last quarter. Hobbs Group Advisors LLC boosted its stake in shares of ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after purchasing an additional 102 shares in the last quarter. Finally, Crescent Sterling Ltd. lifted its holdings in ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock valued at $232,000 after purchasing an additional 114 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Trading Down 1.0 %

Shares of NASDAQ ARM opened at $160.84 on Tuesday. The company’s 50-day moving average price is $144.69 and its 200 day moving average price is $139.64. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market cap of $168.53 billion, a price-to-earnings ratio of 211.63, a PEG ratio of 7.83 and a beta of 4.57.

Analyst Ratings Changes

ARM has been the topic of a number of research reports. TD Cowen raised 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. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ARM presently has an average 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.