Jones Financial Companies Lllp Increases Holdings in Arm Holdings plc (NASDAQ:ARM)

Jones Financial Companies Lllp increased its stake in Arm Holdings plc (NASDAQ:ARM) by 23.1% in the 4th quarter, HoldingsChannel reports. The fund owned 28,352 shares of the company’s stock after acquiring an additional 5,328 shares during the period. Jones Financial Companies Lllp’s holdings in ARM were worth $3,498,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of ARM by 21.7% in 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 bought a new stake in ARM in the fourth quarter worth $22,705,000. UNICOM Systems Inc. purchased a new position in ARM during the fourth quarter worth $13,673,000. Handelsbanken Fonder AB bought a new position in ARM during the fourth quarter valued at $11,189,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of ARM in the third quarter valued at $11,646,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARM has been the topic of several analyst reports. Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barclays boosted their target price on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Evercore ISI increased 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. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Rosenblatt Securities increased their target price on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Performance

Shares of ARM stock opened at $124.78 on Thursday. The firm has a 50-day simple moving average of $147.00 and a two-hundred day simple moving average of $141.95. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The company has a market cap of $130.75 billion, a P/E ratio of 164.19, a price-to-earnings-growth ratio of 6.33 and a beta of 4.57.

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.