Jump Financial LLC Buys 16,984 Shares of Arm Holdings plc (NASDAQ:ARM)

Jump Financial LLC boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 44.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 55,377 shares of the company’s stock after buying an additional 16,984 shares during the quarter. Jump Financial LLC’s holdings in ARM were worth $6,831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ARM. CreativeOne Wealth LLC lifted its stake in shares of ARM by 59.2% in the fourth quarter. CreativeOne Wealth LLC now owns 4,187 shares of the company’s stock worth $517,000 after acquiring an additional 1,557 shares during the period. Mariner LLC boosted its stake in shares of ARM by 2.6% in the 4th quarter. Mariner LLC now owns 22,163 shares of the company’s stock valued at $2,734,000 after purchasing an additional 562 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its position in shares of ARM by 144.8% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 90,615 shares of the company’s stock worth $11,178,000 after buying an additional 53,606 shares during the period. Summit Investment Advisors Inc. raised its stake in ARM by 8.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,075 shares of the company’s stock worth $503,000 after buying an additional 310 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in ARM in the fourth quarter valued at $275,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

ARM stock opened at $103.80 on Wednesday. The stock has a market cap of $108.77 billion, a PE ratio of 136.58, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The firm’s 50-day simple moving average is $123.34 and its 200 day simple moving average is $136.54.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ARM shares. Wells Fargo & Company lifted their price objective on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup increased 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. lifted their price objective 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. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.76.

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.