Pine Valley Investments Ltd Liability Co Increases Stock Position in Arm Holdings plc (NASDAQ:ARM)

Pine Valley Investments Ltd Liability Co lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 103.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,094 shares of the company’s stock after acquiring an additional 1,570 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in ARM were worth $382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in shares of ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in ARM by 9.2% in the third quarter. Arkadios Wealth Advisors now owns 3,953 shares of the company’s stock worth $565,000 after acquiring an additional 333 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of ARM in the third quarter worth $242,000. DekaBank Deutsche Girozentrale increased its holdings in shares of ARM by 70.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,092 shares of the company’s stock valued at $1,708,000 after acquiring an additional 5,003 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of ARM in the 3rd quarter worth about $220,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM stock opened at $138.97 on Thursday. The company’s fifty day moving average price is $147.48 and its 200-day moving average price is $141.93. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The company has a market capitalization of $145.62 billion, a PE ratio of 182.86, a price-to-earnings-growth ratio of 6.33 and a beta of 4.56.

Analysts Set New Price Targets

ARM has been the topic of several recent analyst reports. Barclays increased their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital upped their price objective on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Mizuho lifted their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.83.

About ARM

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.