Arm Holdings plc (NASDAQ:ARM) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,551 shares of the company’s stock after acquiring an additional 559 shares during the period. PNC Financial Services Group Inc.’s holdings in ARM were worth $1,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in ARM during the 4th quarter worth approximately $49,000. Quantbot Technologies LP purchased a new position in ARM during the 3rd quarter worth approximately $52,000. Valley National Advisers Inc. grew its stake in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new position in ARM during the 4th quarter worth approximately $83,000. Finally, Spire Wealth Management purchased a new position in ARM during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of research reports. Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Raymond James raised their price target on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna lifted their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Citigroup lifted their target price on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Evercore ISI lifted their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

ARM Stock Performance

Shares of ARM stock opened at $117.94 on Monday. The stock has a fifty day moving average price of $145.26 and a 200 day moving average price of $141.33. The stock has a market cap of $123.58 billion, a PE ratio of 155.19, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

ARM Profile

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.