American Century Companies Inc. decreased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 15.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 596,580 shares of the company’s stock after selling 106,785 shares during the period. American Century Companies Inc. owned 0.06% of ARM worth $96,492,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Brooklyn Investment Group bought a new position in shares of ARM during the first quarter valued at approximately $28,000. Huntington National Bank purchased a new stake in ARM during the second quarter worth $30,000. N.E.W. Advisory Services LLC bought a new stake in ARM during the 1st quarter valued at $34,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of ARM in the 2nd quarter valued at $39,000. Finally, ORG Partners LLC bought a new position in shares of ARM in the 2nd quarter worth $48,000. Institutional investors own 7.53% of the company’s stock.
ARM Price Performance
Shares of ARM stock opened at $131.44 on Wednesday. The firm has a market capitalization of $138.87 billion, a price-to-earnings ratio of 168.51, a price-to-earnings-growth ratio of 8.07 and a beta of 4.11. The business has a fifty day moving average of $154.46 and a 200 day moving average of $146.97. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $183.16.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ARM. Wells Fargo & Company raised their price objective on ARM from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Barclays increased their price target on shares of ARM from $115.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Raymond James Financial assumed coverage on shares of ARM in a research report on Friday, November 21st. They issued a “hold” rating on the stock. UBS Group reduced their price objective on shares of ARM from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Mizuho raised their target price on shares of ARM from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.80.
Check Out Our Latest Research Report on ARM
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.
Featured Articles
- Five stocks we like better than ARM
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- Roth IRA Calculator: Calculate Your Potential Returns
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
- 3 Warren Buffett Stocks to Buy Now
- Will the S&P 500 Rally in December? These 3 Signals Point to a Big Move Ahead
Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.
