Pine Valley Investments Ltd Liability Co Grows Holdings in Arm Holdings plc (NASDAQ:ARM)

Pine Valley Investments Ltd Liability Co raised its position in Arm Holdings plc (NASDAQ:ARM) by 103.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,094 shares of the company’s stock after buying an additional 1,570 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in ARM were worth $382,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in shares of ARM during the 4th quarter valued at approximately $49,000. Quantbot Technologies LP bought a new stake in shares of ARM in the third quarter valued at $52,000. Farther Finance Advisors LLC lifted its position in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the period. Finally, MCF Advisors LLC purchased a new stake in ARM in the 4th quarter worth about $83,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ ARM opened at $138.97 on Thursday. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The stock has a market capitalization of $145.62 billion, a P/E ratio of 182.86, a P/E/G ratio of 6.33 and a beta of 4.56. The company’s 50-day moving average is $147.48 and its 200 day moving average is $141.93.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ARM shares. Rosenblatt Securities boosted their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Mizuho upped their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Raymond James increased their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group raised their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, TD Cowen lifted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.