Haven Capital Group Inc. Makes New $2.40 Million Investment in Arm Holdings plc (NASDAQ:ARM)

Haven Capital Group Inc. bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 19,427 shares of the company’s stock, valued at approximately $2,397,000. ARM makes up about 2.3% of Haven Capital Group Inc.’s investment portfolio, making the stock its 16th largest position.

Other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of 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 worth $107,774,000 after buying an additional 791,392 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ARM in the 4th quarter worth about $32,655,000. Franklin Resources Inc. boosted its position in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of ARM in the 4th quarter worth about $22,705,000. Finally, Wellington Shields Capital Management LLC boosted its position in shares of ARM by 12,236.0% in the 4th quarter. Wellington Shields Capital Management LLC now owns 185,040 shares of the company’s stock worth $22,827,000 after buying an additional 183,540 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective on the stock. Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Citigroup upped their target price on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Susquehanna upped their target price on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Performance

ARM opened at $121.37 on Tuesday. The firm has a 50 day moving average price of $144.74 and a 200 day moving average price of $141.25. The company has a market cap of $127.18 billion, a PE ratio of 159.70, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

About ARM

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.