Geode Capital Management LLC Acquires 848 Shares of Arm Holdings plc (NASDAQ:ARM)

Geode Capital Management LLC grew its holdings in Arm Holdings plc (NASDAQ:ARM) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,531 shares of the company’s stock after purchasing an additional 848 shares during the quarter. Geode Capital Management LLC’s holdings in ARM were worth $13,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ARM. Bank of New York Mellon Corp raised its stake in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock worth $12,990,000 after buying an additional 5,440 shares during the period. Modus Advisors LLC lifted its holdings in shares of ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after purchasing an additional 13,453 shares in the last quarter. Franklin Resources Inc. grew its position in 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 purchasing an additional 228,467 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in ARM by 333.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company’s stock valued at $849,000 after purchasing an additional 5,297 shares in the last quarter. Finally, Capital Market Strategies LLC bought a new position in shares of ARM in the fourth quarter valued at $694,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

ARM opened at $96.83 on Tuesday. The stock has a market capitalization of $101.46 billion, a PE ratio of 127.41, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. The stock’s 50 day moving average price is $118.60 and its 200-day moving average price is $135.43. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75.

Analyst Ratings Changes

ARM has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Morgan Stanley cut their target price on ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Cfra Research raised shares of ARM to a “hold” rating in a report on Friday, March 21st. Raymond James increased their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $166.20.

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.