1,040 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, Holdings Channel reports. The fund bought 1,040 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently made changes to their positions in ARM. Modus Advisors LLC boosted its stake in ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after purchasing an additional 13,453 shares in the last quarter. KP Management LLC lifted its stake in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after buying an additional 3,893 shares during the last quarter. Avalon Global Asset Management LLC purchased a new stake in shares of ARM during the third quarter valued at approximately $8,581,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ARM by 89.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after acquiring an additional 8,707 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on ARM shares. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research note on Thursday, October 31st. Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Trading Down 1.5 %

Shares of NASDAQ:ARM opened at $155.41 on Thursday. The stock has a 50 day moving average of $145.45 and a 200 day moving average of $139.79. The company has a market cap of $162.84 billion, a PE ratio of 204.49, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

ARM 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.