Kapstone Financial Advisors LLC Purchases Shares of 1,743 Arm Holdings plc (NASDAQ:ARM)

Kapstone Financial Advisors LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,743 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in 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 buying an additional 228,467 shares during the period. Rheos Capital Works Inc. increased its stake in shares of ARM by 29.6% in the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock worth $30,211,000 after acquiring an additional 56,000 shares during the period. State Street Corp raised its holdings in shares of ARM by 19.2% during the third quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after purchasing an additional 35,720 shares during the last quarter. Cibc World Market Inc. lifted its position in ARM by 18.9% during the fourth quarter. Cibc World Market Inc. now owns 219,613 shares of the company’s stock valued at $27,091,000 after purchasing an additional 34,847 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in ARM in the fourth quarter valued at $22,705,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Price Performance

Shares of ARM stock opened at $121.10 on Tuesday. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The stock has a market cap of $126.89 billion, a P/E ratio of 159.34, a P/E/G ratio of 6.33 and a beta of 4.57. The stock’s 50 day simple moving average is $147.32 and its 200-day simple moving average is $142.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup lifted their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. TD Cowen boosted their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group began coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Evercore ISI lifted their price objective on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and an average target price 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.