Blair William & Co. IL Boosts Holdings in Arm Holdings plc (NASDAQ:ARM)

Blair William & Co. IL raised its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 57.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 77,380 shares of the company’s stock after acquiring an additional 28,217 shares during the period. Blair William & Co. IL’s holdings in ARM were worth $9,546,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ARM. Berbice Capital Management LLC purchased a new stake in ARM during the fourth quarter worth $49,000. Quantbot Technologies LP acquired a new position in ARM in the 3rd quarter valued at $52,000. Valley National Advisers Inc. lifted its stake in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new position in ARM in the 4th quarter worth approximately $83,000. Finally, Farther Finance Advisors LLC lifted its position 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 buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

Shares of ARM stock opened at $107.80 on Friday. The business has a 50-day simple moving average of $140.01 and a 200-day simple moving average of $140.66. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The company has a market cap of $112.96 billion, a PE ratio of 141.84, a P/E/G ratio of 6.33 and a beta of 4.77.

Analyst Ratings Changes

A number of brokerages have issued reports on ARM. Rosenblatt Securities raised their target price on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Citigroup lifted their target price on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Susquehanna increased their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $163.41.

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.