Lazard Freres Gestion S.A.S. Acquires Shares of 10,000 Arm Holdings plc (NASDAQ:ARM)

Lazard Freres Gestion S.A.S. acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $1,233,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in ARM in the 3rd quarter valued at $52,000. Berbice Capital Management LLC bought a new position in shares of ARM in the 4th quarter valued at $49,000. 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 purchasing an additional 131 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of 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 during the last quarter. Finally, MCF Advisors LLC bought a new position in shares of ARM in the 4th quarter valued at $83,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ARM. Wells Fargo & Company boosted 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. Evercore ISI boosted their price objective on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Loop Capital boosted their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Mizuho boosted their price objective on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Raymond James upped their price target on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Performance

Shares of ARM opened at $112.70 on Thursday. The stock has a 50 day moving average price of $146.05 and a two-hundred day moving average price of $141.43. The firm has a market capitalization of $118.09 billion, a P/E ratio of 148.29, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

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.