Quinn Opportunity Partners LLC Acquires 2,000 Shares of Arm Holdings plc (NASDAQ:ARM)

Quinn Opportunity Partners LLC boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 138,503 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. ARM accounts for 1.2% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Quinn Opportunity Partners LLC’s holdings in ARM were worth $17,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of ARM in the 4th quarter worth $32,655,000. APG Asset Management N.V. bought a new stake in ARM in the 4th quarter worth about $8,137,000. Advisory Services Network LLC increased its stake in ARM by 5.9% in the 4th quarter. Advisory Services Network LLC now owns 17,672 shares of the company’s stock valued at $2,180,000 after buying an additional 978 shares during the last quarter. Rathbones Group PLC lifted its position in shares of ARM by 10.7% during the 4th quarter. Rathbones Group PLC now owns 16,500 shares of the company’s stock worth $2,035,000 after buying an additional 1,601 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of ARM by 38.3% in the 4th quarter. Legal & General Group Plc now owns 179,202 shares of the company’s stock worth $22,106,000 after buying an additional 49,582 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ARM. Citigroup lifted their price target on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI lifted their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.76.

ARM Stock Performance

ARM stock opened at $100.46 on Friday. The company has a market capitalization of $105.27 billion, a PE ratio of 132.19, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The company’s 50 day moving average price is $127.14 and its two-hundred day moving average price is $137.43.

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.