Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Arm Holdings plc (NASDAQ:ARM) by 41.9% in the 4th quarter, Holdings Channel reports. The fund owned 26,191 shares of the company’s stock after purchasing an additional 7,734 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ARM were worth $3,231,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter worth about $52,000. Berbice Capital Management LLC acquired a new position in ARM during the fourth quarter worth approximately $49,000. Valley National Advisers Inc. raised its stake in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC acquired a new position in shares of ARM in the 4th quarter valued at $83,000. Finally, Spire Wealth Management purchased a new stake in shares of ARM during the 4th quarter valued at $125,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Down 2.1 %

ARM stock opened at $112.47 on Friday. The firm has a 50 day simple moving average of $140.84 and a 200-day simple moving average of $140.69. The company has a market capitalization of $117.85 billion, a P/E ratio of 147.99, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ARM shares. Citigroup increased their target price on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Loop Capital raised their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Cfra Research upgraded ARM to a “hold” rating in a report on Friday, March 21st. JPMorgan Chase & Co. increased their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.23.

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.