Kapstone Financial Advisors LLC Takes $215,000 Position in Arm Holdings plc (NASDAQ:ARM)

Kapstone Financial Advisors LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,743 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors have also recently added to or reduced their stakes in ARM. Franklin Resources Inc. raised its stake in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the period. SG Americas Securities LLC purchased a new position in ARM in the fourth quarter valued at approximately $22,705,000. SBI Securities Co. Ltd. purchased a new position in shares of ARM in the 4th quarter valued at $16,933,000. UNICOM Systems Inc. acquired a new position in ARM during the fourth quarter worth approximately $13,673,000. Finally, Handelsbanken Fonder AB purchased a new stake in ARM in the 4th quarter valued at $11,189,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ARM shares. Raymond James boosted their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Rosenblatt Securities lifted their price target on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Citigroup upped their target price on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Susquehanna raised their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Barclays upped their price objective on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM Stock Down 8.0 %

ARM stock opened at $121.10 on Tuesday. The stock has a market cap of $126.89 billion, a PE ratio of 159.34, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57. The firm’s 50-day simple moving average is $147.32 and its 200 day simple moving average is $142.12. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

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.