Handelsbanken Fonder AB Purchases New Stake in Arm Holdings plc (NASDAQ:ARM)

Handelsbanken Fonder AB acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,702 shares of the company’s stock, valued at approximately $11,189,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of ARM during the fourth quarter worth about $49,000. Quantbot Technologies LP bought a new stake in shares of ARM in the third quarter worth $52,000. Farther Finance Advisors LLC raised its holdings in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares in the last quarter. Valley National Advisers Inc. boosted its stake in 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 acquiring an additional 72 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in ARM during the 4th quarter worth $83,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Down 4.0 %

ARM stock opened at $144.87 on Friday. The firm’s 50-day moving average is $147.65 and its two-hundred day moving average is $141.41. The company has a market capitalization of $151.80 billion, a price-to-earnings ratio of 190.62, a price-to-earnings-growth ratio of 6.60 and a beta of 4.57. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARM shares. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.