Lido Advisors LLC Has $279,000 Stake in Arm Holdings plc (NASDAQ:ARM)

Lido Advisors LLC boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264 shares of the company’s stock after buying an additional 431 shares during the period. Lido Advisors LLC’s holdings in ARM were worth $279,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tufton Capital Management increased its stake in ARM by 1.5% in the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after acquiring an additional 65 shares during the period. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of 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 buying an additional 85 shares during the period. GeoWealth Management LLC boosted its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Finally, Cibc World Markets Corp grew its position in ARM by 3.5% in the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock valued at $350,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

ARM opened at $121.95 on Tuesday. The firm’s fifty day moving average is $110.98 and its two-hundred day moving average is $132.79. The firm has a market cap of $127.78 billion, a PE ratio of 160.46, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. KGI Securities initiated coverage on shares of ARM in a report on Tuesday, April 15th. They set a “neutral” rating for the company. Barclays reduced their target price on ARM from $155.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley cut their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, Susquehanna increased their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.20.

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.