3,800 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,800 shares of the company’s stock, valued at approximately $471,000.

Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after purchasing an additional 100 shares during the period. Arkadios Wealth Advisors boosted its stake in ARM by 9.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,953 shares of the company’s stock worth $565,000 after purchasing an additional 333 shares during the period. Modera Wealth Management LLC bought a new position in ARM in the 3rd quarter worth about $242,000. DekaBank Deutsche Girozentrale boosted its position in shares of ARM by 70.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,092 shares of the company’s stock valued at $1,708,000 after acquiring an additional 5,003 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of ARM by 71.7% during the 3rd quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock valued at $77,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $140.53 on Tuesday. The business’s 50 day simple moving average is $147.56 and its two-hundred day simple moving average is $141.81. The stock has a market capitalization of $147.25 billion, a P/E ratio of 184.91, a price-to-earnings-growth ratio of 6.60 and a beta of 4.57. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARM. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Raymond James lifted their price target on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $162.83.

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.