Mitsubishi UFJ Asset Management Co. Ltd. Buys 11,287 Shares of Arm Holdings plc (NASDAQ:ARM)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 23.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,773 shares of the company’s stock after acquiring an additional 11,287 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ARM were worth $7,374,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tufton Capital Management raised its holdings in ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after acquiring an additional 65 shares in the last quarter. Valley National Advisers Inc. raised 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 valued at $75,000 after purchasing an additional 72 shares in the last quarter. Zullo Investment Group Inc. lifted its position in ARM by 4.6% in the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after purchasing an additional 85 shares during the period. Cibc World Markets Corp boosted its stake in ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock worth $350,000 after buying an additional 96 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in ARM by 3.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock valued at $409,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARM shares. Wells Fargo & Company lifted their target price on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities upped their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI boosted their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Jefferies Financial Group increased their price objective on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Stock Performance

ARM opened at $106.79 on Tuesday. The company has a fifty day moving average price of $139.16 and a two-hundred day moving average price of $140.43. The firm has a market capitalization of $111.90 billion, a PE ratio of 140.52, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

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.