Zevenbergen Capital Investments LLC Has $58.05 Million Stake in Arm Holdings plc (NASDAQ:ARM)

Zevenbergen Capital Investments LLC lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 19.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 470,533 shares of the company’s stock after acquiring an additional 76,576 shares during the period. ARM accounts for about 1.2% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 25th largest position. Zevenbergen Capital Investments LLC’s holdings in ARM were worth $58,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tufton Capital Management increased its stake in ARM by 1.5% in the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. increased its position in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Zullo Investment Group Inc. raised its stake in ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after buying an additional 85 shares during the period. Cibc World Markets Corp boosted its holdings in ARM by 3.5% in the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock worth $350,000 after acquiring an additional 96 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in ARM by 3.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock valued at $409,000 after acquiring an additional 98 shares during the period. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Mizuho upped their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Raymond James boosted their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, UBS Group initiated coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM Price Performance

Shares of ARM stock opened at $119.07 on Monday. The firm has a market cap of $124.77 billion, a P/E ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77. The company has a 50 day moving average of $142.75 and a 200-day moving average of $141.01. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

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.