Arm Holdings plc (NASDAQ:ARM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in shares of Arm Holdings plc (NASDAQ:ARM) by 62.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,454 shares of the company’s stock after selling 5,777 shares during the quarter. D.A. Davidson & CO.’s holdings in ARM were worth $426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp acquired a new stake in ARM during the fourth quarter worth approximately $504,000. CIBC Asset Management Inc boosted its position in ARM by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 21,643 shares of the company’s stock worth $2,670,000 after acquiring an additional 1,058 shares during the last quarter. Allworth Financial LP boosted its position in ARM by 94.5% during the fourth quarter. Allworth Financial LP now owns 1,023 shares of the company’s stock worth $126,000 after acquiring an additional 497 shares during the last quarter. Principal Securities Inc. boosted its position in ARM by 6.3% during the fourth quarter. Principal Securities Inc. now owns 4,384 shares of the company’s stock worth $541,000 after acquiring an additional 261 shares during the last quarter. Finally, Quantum Private Wealth LLC boosted its position in ARM by 8.9% during the fourth quarter. Quantum Private Wealth LLC now owns 10,300 shares of the company’s stock worth $1,271,000 after acquiring an additional 838 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARM shares. TD Cowen raised their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Susquehanna raised their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Loop Capital increased their price target on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, Raymond James increased their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Trading Down 2.7 %

Shares of ARM stock opened at $136.70 on Wednesday. The company’s fifty day simple moving average is $147.43 and its 200-day simple moving average is $141.95. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The company has a market cap of $143.24 billion, a PE ratio of 179.87, a P/E/G ratio of 6.33 and a beta of 4.56.

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.