Kovack Advisors Inc. Buys 258 Shares of Arm Holdings plc (NASDAQ:ARM)

Kovack Advisors Inc. raised its stake in Arm Holdings plc (NASDAQ:ARM) by 7.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,521 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Kovack Advisors Inc.’s holdings in ARM were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in ARM in the third quarter worth $52,000. Berbice Capital Management LLC bought a new position in shares of ARM during the 4th quarter valued at about $49,000. Farther Finance Advisors LLC raised its holdings 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 in the last quarter. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in ARM in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Up 1.0 %

Shares of ARM stock opened at $131.69 on Friday. The stock has a market capitalization of $137.99 billion, a P/E ratio of 173.28, a P/E/G ratio of 6.33 and a beta of 4.56. The firm’s 50 day moving average is $147.44 and its 200 day moving average is $141.95. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. Citigroup increased their price target on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen increased their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna raised their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

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.