iA Global Asset Management Inc. Acquires 1,049 Shares of Arm Holdings plc (NASDAQ:ARM)

iA Global Asset Management Inc. increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,805 shares of the company’s stock after purchasing an additional 1,049 shares during the period. iA Global Asset Management Inc.’s holdings in ARM were worth $1,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARM. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ARM during the fourth quarter valued at approximately $32,655,000. Franklin Resources Inc. boosted its stake in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ARM during the fourth quarter valued at approximately $22,705,000. Finally, Wellington Shields Capital Management LLC boosted its stake in shares of ARM by 12,236.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 185,040 shares of the company’s stock valued at $22,827,000 after purchasing an additional 183,540 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of ARM stock opened at $119.07 on Friday. The firm has a fifty day moving average price of $142.75 and a 200 day moving average price of $140.75. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The stock has a market cap of $124.77 billion, a PE ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Barclays raised their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Citigroup raised their target price on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.