Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. lifted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,650 shares of the company’s stock after buying an additional 240 shares during the period. Thompson Davis & CO. Inc.’s holdings in ARM were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Compass Capital Corp MA ADV acquired a new stake in shares of ARM during the 4th quarter worth $218,000. Prakash Investment Advisors LLC purchased a new stake in ARM during the 4th quarter worth $497,000. ING Groep NV boosted its position in ARM by 196.2% during the 4th quarter. ING Groep NV now owns 5,787 shares of the company’s stock worth $714,000 after purchasing an additional 3,833 shares during the period. Zullo Investment Group Inc. boosted its position in ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after purchasing an additional 85 shares during the period. Finally, Handelsbanken Fonder AB purchased a new stake in ARM during the 4th quarter worth $11,189,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARM. Jefferies Financial Group upped their price target on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Citigroup upped their price target 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. Susquehanna upped their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. TD Cowen upped their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price objective on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Stock Down 4.0 %

ARM opened at $144.87 on Friday. The firm has a market cap of $151.80 billion, a price-to-earnings ratio of 190.62, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The company’s 50-day moving average price is $147.65 and its 200 day moving average price is $141.22.

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.