Cerity Partners LLC Grows Stock Position in Arm Holdings plc (NASDAQ:ARM)

Cerity Partners LLC increased its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,313 shares of the company’s stock after acquiring an additional 300 shares during the period. Cerity Partners LLC’s holdings in ARM were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in ARM in the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. lifted its stake in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of ARM during the 4th quarter worth approximately $83,000. Farther Finance Advisors LLC grew its position in shares of ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after purchasing an additional 453 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock valued at $111,000 after purchasing an additional 258 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM stock opened at $100.73 on Friday. The business’s fifty day moving average price is $120.91 and its 200 day moving average price is $136.01. The firm has a market capitalization of $105.55 billion, a PE ratio of 132.54, a P/E/G ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a 1-year low of $80.00 and a 1-year high of $188.75.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Rosenblatt Securities lifted their price target on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup lifted their target price on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Bank of America cut their price target on shares of ARM from $180.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $163.05.

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.