ABN Amro Investment Solutions purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,000 shares of the company’s stock, valued at approximately $1,132,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of ARM. Brooklyn Investment Group bought a new position in ARM during the first quarter valued at about $28,000. Huntington National Bank acquired a new stake in ARM in the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of ARM during the 1st quarter valued at about $34,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of ARM in the 2nd quarter worth approximately $39,000. Finally, ORG Partners LLC acquired a new position in shares of ARM in the 2nd quarter worth approximately $48,000. Institutional investors own 7.53% of the company’s stock.
ARM Stock Down 0.4%
ARM stock opened at $139.77 on Friday. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16. The company has a market cap of $147.67 billion, a P/E ratio of 179.19, a PEG ratio of 8.40 and a beta of 4.11. The business has a fifty day moving average of $156.54 and a 200-day moving average of $145.77.
Analyst Ratings Changes
Several analysts recently commented on ARM shares. Morgan Stanley cut their target price on shares of ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Barclays increased their price objective on ARM from $115.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Mizuho lifted their target price on ARM from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of ARM in a research report on Thursday, November 6th. Finally, Loop Capital upped their target price on ARM from $155.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.80.
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.
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