Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,690 shares of the company’s stock after acquiring an additional 145 shares during the period. Perennial Investment Advisors LLC’s holdings in ARM were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of ARM in the third quarter valued at approximately $52,000. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter worth $49,000. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of ARM in the fourth quarter valued at $83,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after acquiring an additional 453 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARM shares. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Citigroup boosted their price target on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Evercore ISI raised their price objective on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Stock Performance

ARM stock opened at $87.71 on Monday. Arm Holdings plc has a one year low of $82.00 and a one year high of $188.75. The stock’s 50 day moving average price is $133.89 and its 200 day moving average price is $139.30. The firm has a market capitalization of $91.91 billion, a PE ratio of 115.41, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48.

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.