Americana Partners LLC Has $858,000 Holdings in Arm Holdings plc (NASDAQ:ARM)

Americana Partners LLC cut its position in Arm Holdings plc (NASDAQ:ARM) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,957 shares of the company’s stock after selling 795 shares during the quarter. Americana Partners LLC’s holdings in ARM were worth $858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modus Advisors LLC grew its position in ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after purchasing an additional 13,453 shares during the last quarter. KP Management LLC grew its position in ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after purchasing an additional 10,000 shares during the last quarter. XTX Topco Ltd grew its position in ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after purchasing an additional 3,893 shares during the last quarter. Avalon Global Asset Management LLC acquired a new stake in ARM in the 3rd quarter worth $8,581,000. Finally, Charles Schwab Investment Management Inc. grew its position in ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock worth $2,640,000 after purchasing an additional 8,707 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Down 3.2 %

ARM stock opened at $159.54 on Tuesday. The business has a 50-day simple moving average of $147.04 and a two-hundred day simple moving average of $140.48. The company has a market cap of $167.17 billion, a P/E ratio of 209.92, a P/E/G ratio of 7.83 and a beta of 4.57. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARM shares. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen lifted their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ARM has an average 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.