Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,726 shares of the company’s stock after purchasing an additional 495 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in ARM were worth $2,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARM. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter worth approximately $49,000. Quantbot Technologies LP acquired a new position in ARM during the third quarter worth $52,000. Valley National Advisers Inc. lifted its holdings in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of ARM during the fourth quarter worth about $83,000. Finally, Farther Finance Advisors LLC increased its stake in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after purchasing an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Down 0.5 %

Shares of ARM opened at $124.28 on Wednesday. The firm has a market cap of $130.22 billion, a P/E ratio of 163.53, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. The company’s 50-day moving average price is $142.19 and its 200 day moving average price is $141.07. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

Analysts Set New Price Targets

Several research firms recently issued reports on ARM. Barclays lifted their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company lifted their price target on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, Susquehanna increased their target price on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.23.

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.