Rialto Wealth Management LLC Purchases Shares of 1,000 Arm Holdings plc (NASDAQ:ARM)

Rialto Wealth Management LLC acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $123,000.

Several other large investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in ARM during the fourth quarter worth approximately $49,000. Quantbot Technologies LP purchased a new stake in ARM during the 3rd quarter worth $52,000. Farther Finance Advisors LLC boosted its position in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Valley National Advisers Inc. increased its holdings in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in ARM in the fourth quarter valued at about $83,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

ARM stock opened at $125.55 on Friday. The firm has a fifty day moving average price of $146.69 and a two-hundred day moving average price of $141.82. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The firm has a market cap of $131.56 billion, a price-to-earnings ratio of 165.20, a PEG ratio of 6.33 and a beta of 4.77.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARM shares. Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. UBS Group began coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Mizuho lifted their price objective 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. Rosenblatt Securities upped 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. Finally, Citigroup raised their price target on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two research 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 company’s stock. According to data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average price target of $165.23.

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.