Erste Asset Management GmbH lessened its position in Arm Holdings plc (NASDAQ:ARM – Free Report) by 62.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,000 shares of the company’s stock after selling 50,000 shares during the period. Erste Asset Management GmbH’s holdings in ARM were worth $3,876,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the stock. Tufton Capital Management boosted its position in shares of ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after buying an additional 65 shares during the last quarter. Valley National Advisers Inc. boosted 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 valued at $75,000 after buying an additional 72 shares during the last quarter. Zullo Investment Group Inc. lifted its holdings in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after acquiring an additional 85 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in ARM by 3.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock worth $409,000 after acquiring an additional 98 shares during the period. Finally, Hobbs Group Advisors LLC lifted its holdings in ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.
ARM Stock Up 5.3 %
ARM stock opened at $117.94 on Friday. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The business has a 50-day simple moving average of $145.26 and a 200 day simple moving average of $141.15. The stock has a market cap of $123.58 billion, a price-to-earnings ratio of 155.19, a PEG ratio of 6.33 and a beta of 4.77.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on ARM
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.
See Also
- Five stocks we like better than ARM
- What is the Hang Seng index?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What is the Nasdaq? Complete Overview with History
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Which Wall Street Analysts are the Most Accurate?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arm Holdings plc (NASDAQ:ARM – Free Report).
Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.