Zullo Investment Group Inc. Raises Stock Position in Arm Holdings plc (NASDAQ:ARM)

Zullo Investment Group Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,915 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Zullo Investment Group Inc.’s holdings in ARM were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in shares of ARM in the fourth quarter worth about $49,000. Quantbot Technologies LP purchased a new position in shares of ARM in the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC raised its holdings in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Valley National Advisers Inc. boosted its position 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 in the last quarter. Finally, MCF Advisors LLC acquired a new stake in ARM in the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of several research analyst reports. UBS Group started coverage on ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 target price for the company. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research report on Thursday, October 31st. Rosenblatt Securities lifted their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” 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. Finally, Citigroup lifted their price objective on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM Trading Down 3.7 %

Shares of ARM opened at $154.36 on Thursday. The firm has a market cap of $161.74 billion, a P/E ratio of 203.11, a price-to-earnings-growth ratio of 6.98 and a beta of 4.57. The company’s 50-day moving average price is $147.73 and its 200 day moving average price is $140.91. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

ARM 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.