Corient Private Wealth LLC Reduces Position in Arm Holdings plc (NASDAQ:ARM)

Corient Private Wealth LLC trimmed its position in Arm Holdings plc (NASDAQ:ARM) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,778 shares of the company’s stock after selling 157 shares during the quarter. Corient Private Wealth LLC’s holdings in ARM were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock valued at $12,990,000 after purchasing an additional 5,440 shares during the last quarter. Modus Advisors LLC raised its holdings in shares of ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,453 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after acquiring an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC bought a new stake in ARM in the third quarter valued at $8,581,000. Finally, Charles Schwab Investment Management Inc. increased its position in ARM by 89.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,707 shares during the period. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ARM shares. Raymond James raised 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. Barclays raised their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna upped their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

ARM Stock Performance

NASDAQ ARM opened at $112.47 on Friday. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The stock has a 50-day moving average of $140.84 and a 200 day moving average of $140.69. The company has a market capitalization of $117.85 billion, a price-to-earnings ratio of 147.99, a PEG ratio of 6.33 and a beta of 4.77.

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.