Blueshift Asset Management LLC Invests $337,000 in Arm Holdings plc (NASDAQ:ARM)

Blueshift Asset Management LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,732 shares of the company’s stock, valued at approximately $337,000.

A number of other institutional investors also recently bought and sold shares of the stock. Viawealth LLC raised its stake in shares of ARM by 4.8% in the fourth quarter. Viawealth LLC now owns 2,200 shares of the company’s stock valued at $271,000 after acquiring an additional 100 shares during the period. iA Global Asset Management Inc. raised its position in ARM by 8.2% in the 4th quarter. iA Global Asset Management Inc. now owns 13,805 shares of the company’s stock worth $1,703,000 after purchasing an additional 1,049 shares during the period. First National Bank of Hutchinson lifted its stake in ARM by 8.1% in the fourth quarter. First National Bank of Hutchinson now owns 1,996 shares of the company’s stock worth $246,000 after purchasing an additional 149 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of ARM by 75.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 35,175 shares of the company’s stock valued at $4,329,000 after buying an additional 15,073 shares during the period. Finally, Andar Capital Management HK Ltd bought a new position in shares of ARM during the fourth quarter valued at approximately $2,763,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

NASDAQ:ARM opened at $119.07 on Friday. The firm has a 50 day moving average of $142.75 and a 200 day moving average of $140.75. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market capitalization of $124.77 billion, a price-to-earnings ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent analyst reports. Rosenblatt Securities boosted their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Mizuho raised their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. UBS Group began coverage on shares of ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Loop Capital raised their target price on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.23.

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.