Independent Solutions Wealth Management LLC Buys 1,621 Shares of Arm Holdings plc (NASDAQ:ARM)

Independent Solutions Wealth Management LLC raised its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 11.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,293 shares of the company’s stock after buying an additional 1,621 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in ARM were worth $2,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after buying an additional 791,392 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ARM in the 4th quarter valued at about $32,655,000. Franklin Resources Inc. boosted its position in shares of ARM by 21.7% during the 3rd 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. SG Americas Securities LLC purchased a new position in shares of ARM during the fourth quarter worth about $22,705,000. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of ARM by 12,236.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 185,040 shares of the company’s stock worth $22,827,000 after purchasing an additional 183,540 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group increased their target price on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Rosenblatt Securities upped their price objective on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, UBS Group began coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned 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 has a consensus rating of “Moderate Buy” and an average price target of $165.23.

ARM Price Performance

NASDAQ ARM opened at $119.07 on Friday. The business’s 50-day moving average is $143.18 and its 200 day moving average is $140.84. The stock has a market capitalization of $124.77 billion, a PE ratio of 156.67, a PEG 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.

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.