WealthPLAN Partners LLC Has $503,000 Position in Arm Holdings plc (NASDAQ:ARM)

WealthPLAN Partners LLC raised its stake in Arm Holdings plc (NASDAQ:ARM) by 13.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,081 shares of the company’s stock after buying an additional 479 shares during the period. WealthPLAN Partners LLC’s holdings in ARM were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ARM. Gilliland Jeter Wealth Management LLC grew its stake in shares of ARM by 83.0% in 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 acquired a new position in shares of ARM in the fourth quarter valued at about $49,000. Quantbot Technologies LP acquired a new position in shares of ARM in the third quarter valued at about $52,000. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 131 shares in the last quarter. Finally, Valley National Advisers Inc. grew its stake 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 acquiring an additional 72 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARM has been the topic of several research reports. TD Cowen upped their price target on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup increased their price objective on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Loop Capital increased their price objective 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.83.

ARM Price Performance

Shares of NASDAQ ARM opened at $159.54 on Friday. The company has a 50 day simple moving average of $146.64 and a 200 day simple moving average of $140.24. 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 Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

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.