Quantbot Technologies LP Raises Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Quantbot Technologies LP raised its position in Arm Holdings plc (NASDAQ:ARM) by 1,142.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,548 shares of the company’s stock after buying an additional 4,182 shares during the quarter. Quantbot Technologies LP’s holdings in ARM were worth $561,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Commerce Bank purchased a new stake in ARM during the 3rd quarter worth about $276,000. Advisors Asset Management Inc. lifted its holdings in shares of ARM by 147.2% during the third quarter. Advisors Asset Management Inc. now owns 2,652 shares of the company’s stock worth $379,000 after purchasing an additional 1,579 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of ARM by 89.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after acquiring an additional 8,707 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after purchasing an additional 102 shares during the period. Finally, Cerity Partners LLC raised its position in ARM by 141.2% in the third quarter. Cerity Partners LLC now owns 12,013 shares of the company’s stock worth $1,718,000 after acquiring an additional 7,033 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 2.1 %

NASDAQ ARM opened at $112.47 on Friday. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The company has a market capitalization of $117.85 billion, a price-to-earnings ratio of 147.99, a PEG ratio of 6.33 and a beta of 4.77. The stock’s 50 day moving average is $140.84 and its two-hundred day moving average is $140.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ARM shares. Cfra Research raised ARM to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group increased their target price on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI lifted their price target on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Citigroup increased their target price on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Raymond James raised their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

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.