Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,341 shares of the company’s stock after acquiring an additional 7,695 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ARM were worth $6,333,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Berbice Capital Management LLC acquired a new stake in shares of ARM in the 4th quarter valued at about $49,000. Quantbot Technologies LP acquired a new stake in shares of ARM in the 3rd quarter valued at about $52,000. Valley National Advisers Inc. boosted its position in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC acquired a new stake in shares of ARM in the 4th quarter valued at about $83,000. Finally, Farther Finance Advisors LLC boosted its position in shares of ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after purchasing an additional 453 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays increased their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company increased their price objective on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group increased their price objective on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI increased their price objective on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Susquehanna increased their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM Price Performance

ARM stock opened at $119.07 on Friday. The company has a market capitalization of $124.77 billion, a price-to-earnings ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The company’s fifty day moving average price is $142.75 and its two-hundred day moving average price is $140.75.

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.