Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 48.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,651,489 shares of the company’s stock after buying an additional 860,716 shares during the period. Artisan Partners Limited Partnership owned approximately 0.25% of ARM worth $327,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berbice Capital Management LLC purchased a new position in shares of ARM during the fourth quarter worth about $49,000. Quantbot Technologies LP acquired a new position in ARM during the third quarter worth approximately $52,000. Valley National Advisers Inc. lifted its stake in ARM by 13.3% in 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. MCF Advisors LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC grew its position in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after acquiring an additional 453 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Price Performance

NASDAQ:ARM opened at $114.93 on Thursday. The firm has a market cap of $120.43 billion, a PE ratio of 151.23, a P/E/G ratio of 6.33 and a beta of 4.77. The firm has a 50 day simple moving average of $141.54 and a 200-day simple moving average of $140.89. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ARM shares. Raymond James upped their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities raised their price objective on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Mizuho boosted their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Evercore ISI raised their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Cfra Research raised ARM to a “hold” rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

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.