Arm Holdings plc (NASDAQ:ARM) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in shares of Arm Holdings plc (NASDAQ:ARM) by 71.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 9,770 shares during the period. Stephens Inc. AR’s holdings in ARM were worth $493,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARM. International Assets Investment Management LLC lifted its stake in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares during the period. Franklin Resources Inc. increased its holdings in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the period. SG Americas Securities LLC purchased a new stake in ARM during the 4th quarter worth about $22,705,000. Finally, Erste Asset Management GmbH purchased a new stake in ARM during the 3rd quarter worth about $11,646,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 3.2 %

ARM stock opened at $159.54 on Friday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a 50 day moving average of $146.27 and a two-hundred day moving average of $140.07. The stock has a market capitalization of $167.17 billion, a price-to-earnings ratio of 209.92, a PEG ratio of 7.83 and a beta of 4.57.

Analyst Upgrades and Downgrades

ARM has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Evercore ISI upped their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group upped their price target on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.