Sentry Investment Management LLC Takes $382,000 Position in Arm Holdings plc (NASDAQ:ARM)

Sentry Investment Management LLC acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, Holdings Channel reports. The fund acquired 3,094 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds have also modified their holdings of the company. Pine Valley Investments Ltd Liability Co boosted its position in ARM by 103.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,094 shares of the company’s stock worth $382,000 after acquiring an additional 1,570 shares during the last quarter. Prasad Wealth Partners LLC bought a new stake in shares of ARM in the fourth quarter worth $999,000. Union Bancaire Privee UBP SA acquired a new position in ARM during the fourth quarter worth $471,000. Ascent Wealth Partners LLC grew its position in ARM by 2.6% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,245 shares of the company’s stock valued at $2,497,000 after purchasing an additional 512 shares in the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in ARM by 7.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 3,650 shares of the company’s stock valued at $450,000 after purchasing an additional 240 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Down 2.7 %

ARM stock opened at $136.70 on Wednesday. The company has a market capitalization of $143.24 billion, a price-to-earnings ratio of 179.87, a PEG ratio of 6.33 and a beta of 4.56. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75. The stock’s 50 day moving average is $147.43 and its 200-day moving average is $141.95.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARM shares. Raymond James increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. TD Cowen upped their target price on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group raised their price target on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group raised their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

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.