Banco Santander S.A. Purchases New Shares in Arm Holdings plc (NASDAQ:ARM)

Banco Santander S.A. acquired a new position in Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, Holdings Channel reports. The fund acquired 7,471 shares of the company’s stock, valued at approximately $922,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in 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 purchasing an additional 791,392 shares during the period. Raymond James Financial Inc. bought a new position in ARM in the 4th quarter valued at $32,655,000. Rheos Capital Works Inc. increased its position in shares of ARM by 29.6% during the 4th quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock valued at $30,211,000 after purchasing an additional 56,000 shares during the last quarter. Finally, State Street Corp raised its stake in shares of ARM by 19.2% during the 3rd quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after purchasing an additional 35,720 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARM. JPMorgan Chase & Co. increased their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays increased their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Rosenblatt Securities lifted their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Raymond James increased their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

ARM Stock Performance

ARM stock opened at $125.55 on Monday. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The stock has a market cap of $131.56 billion, a P/E ratio of 165.20, a PEG ratio of 6.33 and a beta of 4.77. The firm’s fifty day moving average price is $146.69 and its 200-day moving average price is $141.89.

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.