Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,054,331 shares of the company’s stock after buying an additional 464,719 shares during the quarter. Schroder Investment Management Group’s holdings in ARM were worth $376,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter valued at $49,000. Quantbot Technologies LP acquired a new position in ARM in the third quarter valued at $52,000. Valley National Advisers Inc. grew its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after acquiring an additional 72 shares during the period. MCF Advisors LLC purchased a new stake in ARM during the fourth quarter valued at about $83,000. Finally, Farther Finance Advisors LLC increased its stake in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after acquiring an additional 453 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Price Performance

Shares of ARM opened at $107.80 on Friday. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The business’s fifty day moving average price is $140.01 and its 200 day moving average price is $140.66. The stock has a market capitalization of $112.96 billion, a PE ratio of 141.84, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ARM shares. Morgan Stanley decreased their target price on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Raymond James increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group lifted their target price on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barclays increased their price target on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company boosted their price objective on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.41.

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.