Steward Partners Investment Advisory LLC Has $1.39 Million Stake in Arm Holdings plc (NASDAQ:ARM)

Steward Partners Investment Advisory LLC lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,255 shares of the company’s stock after purchasing an additional 839 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in ARM were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. lifted its position 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 in the last quarter. Rheos Capital Works Inc. raised its holdings in shares of ARM by 29.6% during 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 in the last quarter. State Street Corp boosted its position in ARM by 19.2% during the third quarter. State Street Corp now owns 221,854 shares of the company’s stock valued at $31,727,000 after purchasing an additional 35,720 shares during the last quarter. Cibc World Market Inc. grew its stake in ARM by 18.9% in 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new position in ARM in the 4th quarter worth about $22,705,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARM. Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Susquehanna boosted their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Raymond James raised their price target on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. UBS Group assumed coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Price Performance

NASDAQ ARM opened at $125.55 on Monday. The company’s fifty day moving average is $146.69 and its two-hundred day moving average is $141.89. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The firm has a market capitalization of $131.56 billion, a price-to-earnings ratio of 165.20, a P/E/G 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.