Global Retirement Partners LLC Trims Stock Position in Arm Holdings plc (NASDAQ:ARM)

Global Retirement Partners LLC decreased its position in Arm Holdings plc (NASDAQ:ARM) by 45.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,880 shares of the company’s stock after selling 1,598 shares during the period. Global Retirement Partners LLC’s holdings in ARM were worth $232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in ARM during the 3rd quarter valued at about $52,000. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC raised its stake in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in ARM by 71.7% during the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock worth $77,000 after buying an additional 226 shares during the period. Finally, MCF Advisors LLC bought a new stake in ARM during the 4th quarter valued at $83,000. Institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARM. Benchmark reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Price Performance

NASDAQ:ARM opened at $136.70 on Wednesday. The company’s fifty day moving average price is $147.43 and its 200-day moving average price is $141.95. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The firm has a market capitalization of $143.24 billion, a P/E ratio of 179.87, a PEG ratio of 6.33 and a beta of 4.56.

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.