Laurel Wealth Advisors LLC increased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 16,074.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,557 shares of the company’s stock after buying an additional 14,467 shares during the period. Laurel Wealth Advisors LLC’s holdings in ARM were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. TD Asset Management Inc lifted its holdings in ARM by 1.5% during the first quarter. TD Asset Management Inc now owns 33,057 shares of the company’s stock valued at $3,530,000 after purchasing an additional 501 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ARM by 313.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,452 shares of the company’s stock valued at $1,864,000 after buying an additional 13,232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in ARM in the 1st quarter worth about $34,000. Banque Cantonale Vaudoise purchased a new stake in ARM during the 1st quarter worth approximately $768,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of ARM by 41.5% during the first quarter. Arkadios Wealth Advisors now owns 3,828 shares of the company’s stock valued at $409,000 after acquiring an additional 1,123 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.
ARM Trading Up 0.9%
Shares of ARM stock opened at $132.61 on Friday. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16. The stock has a market cap of $140.10 billion, a price-to-earnings ratio of 170.01, a PEG ratio of 7.94 and a beta of 4.11. The company’s 50-day moving average price is $153.77 and its 200-day moving average price is $146.77.
Analyst Ratings Changes
A number of analysts have recently issued reports on ARM shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, November 6th. UBS Group lowered their target price on shares of ARM from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Mizuho upped their target price on shares of ARM from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Raymond James Financial began coverage on shares of ARM in a research report on Friday, November 21st. They issued a “hold” rating for the company. Finally, Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, ARM has an average rating of “Moderate Buy” and an average target price of $179.80.
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.
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