3,810 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by United Advisor Group LLC

United Advisor Group LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,810 shares of the company’s stock, valued at approximately $545,000.

Other large investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of ARM in the 1st quarter valued at about $25,000. ORG Partners LLC acquired a new position in ARM in the third quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of ARM during the second quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC raised its position in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. Finally, RiverPark Advisors LLC lifted its holdings in shares of ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen upgraded ARM to a “strong-buy” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Daiwa Capital Markets upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. Finally, Raymond James began coverage on ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

ARM Stock Performance

ARM stock opened at $140.65 on Wednesday. Arm Holdings plc has a 1 year low of $49.82 and a 1 year high of $188.75. The firm’s 50 day moving average price is $141.27 and its two-hundred day moving average price is $137.49. The firm has a market cap of $147.38 billion, a price-to-earnings ratio of 360.65, a price-to-earnings-growth ratio of 6.45 and a beta of 5.40.

About ARM

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.