Compass Capital Corp MA ADV Takes Position in Arm Holdings plc (NASDAQ:ARM)

Compass Capital Corp MA ADV acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,765 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in shares of ARM in the 4th quarter valued at about $49,000. Quantbot Technologies LP purchased a new stake in ARM in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC lifted its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. Valley National Advisers Inc. grew its stake in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in shares of ARM in the 4th quarter worth $83,000. Institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARM. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. Citigroup lifted their price target on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Raymond James upped their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued 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 a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Stock Down 4.0 %

Shares of ARM stock opened at $144.87 on Friday. The firm has a market capitalization of $151.80 billion, a price-to-earnings ratio of 190.62, a PEG ratio of 6.75 and a beta of 4.57. The stock has a fifty day moving average of $147.65 and a 200 day moving average of $141.22. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

ARM 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.