Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,481 shares of the company’s stock after acquiring an additional 1,719 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ARM were worth $1,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in ARM during the fourth quarter worth $49,000. Quantbot Technologies LP purchased a new position in ARM during the 3rd quarter valued at about $52,000. Valley National Advisers Inc. boosted its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after acquiring an additional 72 shares during the period. MCF Advisors LLC acquired a new position in ARM in the 4th quarter valued at about $83,000. Finally, Farther Finance Advisors LLC increased its stake in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Citigroup boosted their price target 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. Susquehanna upped their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Loop Capital lifted their target price on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Evercore ISI upped their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Trading Up 1.1 %

Shares of NASDAQ ARM opened at $108.14 on Thursday. The stock has a market cap of $113.31 billion, a P/E ratio of 142.29, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a 50 day moving average of $136.76 and a two-hundred day moving average of $139.93.

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.