IPG Investment Advisors LLC Has $277,000 Holdings in Arm Holdings plc (NASDAQ:ARM)

IPG Investment Advisors LLC lowered its holdings in Arm Holdings plc (NASDAQ:ARM) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,242 shares of the company’s stock after selling 508 shares during the period. IPG Investment Advisors LLC’s holdings in ARM were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group grew its holdings in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after acquiring an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after purchasing an additional 860,716 shares in the last quarter. Franklin Resources Inc. increased its position in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of ARM by 4,506.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of ARM by 19.7% in the 4th quarter. Sei Investments Co. now owns 507,507 shares of the company’s stock valued at $62,606,000 after buying an additional 83,489 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities upped their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Loop Capital upped their target price on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their price target on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Evercore ISI upped their price objective on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Cfra Research upgraded ARM to a “hold” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average price target of $163.41.

ARM Stock Performance

NASDAQ ARM opened at $107.80 on Friday. The firm’s fifty day moving average price is $140.01 and its two-hundred day moving average price is $140.66. The stock has a market cap of $112.96 billion, a PE ratio of 141.84, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

ARM Company 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.