Stephens Inc. AR Trims Stake in Arm Holdings plc (NASDAQ:ARM)

Stephens Inc. AR reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 71.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 9,770 shares during the quarter. Stephens Inc. AR’s holdings in ARM were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ARM. Gilliland Jeter Wealth Management LLC raised its position in 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 acquiring an additional 117 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of ARM in the fourth quarter valued at approximately $49,000. Quantbot Technologies LP purchased a new stake in shares of ARM in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC increased its position in shares of ARM by 45.8% in 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 in the last quarter. Finally, Valley National Advisers Inc. increased its position 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 buying an additional 72 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ARM shares. Wells Fargo & Company boosted their price objective on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research report on Thursday, October 31st. Finally, UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. 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 company. Based on data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Stock Down 3.2 %

Shares of ARM stock opened at $159.54 on Friday. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The business’s fifty day simple moving average is $146.27 and its 200-day simple moving average is $140.07. The firm has a market cap of $167.17 billion, a PE ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

ARM Company 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.