360 Financial Inc. Purchases Shares of 1,669 ARM Holdings PLC Sponsored ADR $ARM

360 Financial Inc. purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,669 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors have also bought and sold shares of ARM. Brooklyn Investment Group bought a new stake in ARM during the first quarter valued at $28,000. Huntington National Bank bought a new stake in ARM during the second quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new stake in ARM during the first quarter valued at $34,000. Oliver Lagore Vanvalin Investment Group bought a new stake in ARM during the second quarter valued at $39,000. Finally, ORG Partners LLC bought a new stake in ARM during the second quarter valued at $48,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM opened at $160.73 on Wednesday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The firm has a market capitalization of $169.81 billion, a PE ratio of 243.53, a P/E/G ratio of 10.60 and a beta of 4.11. The company’s 50-day moving average is $154.40 and its 200 day moving average is $143.85.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of research analyst reports. BNP Paribas Exane raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Wednesday, July 16th. KeyCorp reissued an “overweight” rating and set a $190.00 price objective (up previously from $175.00) on shares of ARM in a research report on Thursday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, July 31st. BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $110.00 to $210.00 in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price objective on shares of ARM from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.80.

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.