3,094 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,094 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARM. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $49,000. Quantbot Technologies LP bought a new position in ARM in the 3rd quarter valued at $52,000. Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the period. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in shares of ARM during the fourth quarter valued at $83,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

NASDAQ ARM opened at $136.70 on Wednesday. The stock has a market cap of $143.24 billion, a price-to-earnings ratio of 179.87, a PEG ratio of 6.33 and a beta of 4.56. The business has a 50 day simple moving average of $147.43 and a 200 day simple moving average of $141.95. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Evercore ISI lifted their price target on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. TD Cowen raised their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

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.