Asset Management One Co. Ltd. Grows Position in Arm Holdings plc (NASDAQ:ARM)

Asset Management One Co. Ltd. increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 52.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,903 shares of the company’s stock after acquiring an additional 999 shares during the quarter. Asset Management One Co. Ltd.’s holdings in ARM were worth $375,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ARM. Berbice Capital Management LLC purchased a new stake in shares of ARM during the fourth quarter valued at about $49,000. Quantbot Technologies LP purchased a new stake in shares of ARM during the third quarter valued at about $52,000. Farther Finance Advisors LLC lifted its position in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of 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 buying an additional 72 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of ARM during the fourth quarter valued at about $83,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays upped their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Trading Down 2.3 %

Shares of NASDAQ:ARM opened at $150.85 on Friday. The business has a 50-day moving average price of $147.79 and a 200 day moving average price of $140.98. The company has a market capitalization of $158.07 billion, a price-to-earnings ratio of 198.49, a PEG ratio of 7.01 and a beta of 4.57. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

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.