Arm Holdings plc (NASDAQ:ARM) Holdings Boosted by Tower View Wealth Management LLC

Tower View Wealth Management LLC boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,632 shares of the company’s stock after purchasing an additional 267 shares during the period. Tower View Wealth Management LLC’s holdings in ARM were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARM. Modus Advisors LLC grew its holdings in shares of ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,453 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of ARM by 150.1% during the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after acquiring an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC purchased a new position in shares of ARM during the 3rd quarter valued at $8,581,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ARM by 89.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after acquiring an additional 8,707 shares in the last quarter. Finally, United Advisor Group LLC purchased a new position in shares of ARM during the 3rd quarter valued at $545,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARM shares. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. TD Cowen upped their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays upped their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Performance

Shares of ARM opened at $131.69 on Friday. The company has a 50-day simple moving average of $147.44 and a 200-day simple moving average of $142.08. The firm has a market capitalization of $137.99 billion, a P/E ratio of 173.28, a P/E/G ratio of 6.33 and a beta of 4.56. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

About ARM

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.