Fourth Dimension Wealth LLC acquired a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 469 shares of the company’s stock, valued at approximately $76,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Haven Private LLC grew its stake in shares of ARM by 0.9% in the second quarter. Haven Private LLC now owns 7,973 shares of the company’s stock worth $1,290,000 after purchasing an additional 74 shares in the last quarter. Chicago Capital LLC grew its position in ARM by 0.5% in the 2nd quarter. Chicago Capital LLC now owns 15,732 shares of the company’s stock valued at $2,544,000 after buying an additional 79 shares in the last quarter. Tufton Capital Management grew its position in ARM by 2.3% in the 2nd quarter. Tufton Capital Management now owns 4,525 shares of the company’s stock valued at $731,000 after buying an additional 100 shares in the last quarter. Gilbert & Cook Inc. grew its position in ARM by 2.2% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,850 shares of the company’s stock valued at $784,000 after buying an additional 105 shares in the last quarter. Finally, Compound Planning Inc. grew its position in ARM by 5.5% in the 1st quarter. Compound Planning Inc. now owns 2,305 shares of the company’s stock valued at $246,000 after buying an additional 120 shares in the last quarter. 7.53% of the stock is owned by institutional investors.
ARM Stock Performance
Shares of NASDAQ:ARM opened at $160.19 on Thursday. The stock has a market capitalization of $169.24 billion, a price-to-earnings ratio of 242.71, a PEG ratio of 10.10 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $183.16. The company has a 50 day moving average price of $154.79 and a 200 day moving average price of $143.97.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. Seaport Res Ptn raised ARM to a “strong-buy” rating in a research note on Monday, August 11th. Wells Fargo & Company increased their price target on ARM from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group assumed coverage on ARM in a research note on Thursday, July 10th. They set a “neutral” rating and a $160.00 price target for the company. Finally, Evercore ISI raised their target price on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.80.
Read Our Latest Analysis on ARM
ARM Company 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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