Ground Swell Capital LLC Invests $376,000 in Arm Holdings plc (NASDAQ:ARM)

Ground Swell Capital LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,630 shares of the company’s stock, valued at approximately $376,000.

Several other large investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in ARM during the first quarter worth $25,000. ORG Partners LLC acquired a new stake in ARM in the 3rd quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new stake in ARM in the 2nd quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC boosted its position in ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. Finally, RiverPark Advisors LLC raised its position in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares during the period. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ARM shares. HSBC downgraded shares of ARM from a “hold” rating to a “reduce” rating in a report on Monday, July 29th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Citigroup increased their target price on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price target on ARM from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Morgan Stanley raised ARM from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $190.00 in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.57.

ARM Stock Up 0.1 %

Shares of ARM stock opened at $141.48 on Monday. The company has a market capitalization of $148.25 billion, a P/E ratio of 362.78, a P/E/G ratio of 6.44 and a beta of 5.39. Arm Holdings plc has a 12-month low of $49.82 and a 12-month high of $188.75. The firm has a 50-day moving average price of $140.91 and a 200 day moving average price of $136.88.

ARM Company Profile

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.