United Advisor Group LLC Acquires Shares of 3,810 Arm Holdings plc (NASDAQ:ARM)

United Advisor Group LLC bought a new position in Arm Holdings plc (NASDAQ:ARM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,810 shares of the company’s stock, valued at approximately $545,000.

Other large investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in ARM during the 1st quarter worth approximately $25,000. ORG Partners LLC purchased a new stake in shares of ARM in the third quarter valued at $29,000. Transcendent Capital Group LLC acquired a new stake in shares of ARM in the second quarter worth $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares in the last quarter. Finally, RiverPark Advisors LLC raised its position in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Up 2.3 %

NASDAQ:ARM opened at $140.65 on Wednesday. The firm has a market capitalization of $147.38 billion, a PE ratio of 360.65, a PEG ratio of 6.45 and a beta of 5.40. Arm Holdings plc has a 1 year low of $49.82 and a 1 year high of $188.75. The firm’s fifty day simple moving average is $141.27 and its 200 day simple moving average is $137.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. HSBC lowered ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Raymond James initiated coverage on shares of ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Thursday, August 8th. Finally, Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average price target of $138.57.

ARM Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.