Cynosure Group LLC Cuts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Cynosure Group LLC reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,193 shares of the company’s stock after selling 359 shares during the quarter. Cynosure Group LLC’s holdings in ARM were worth $271,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ARM. Berbice Capital Management LLC bought a new stake in ARM in the 4th quarter worth $49,000. Quantbot Technologies LP bought a new stake in shares of ARM in the third quarter worth about $52,000. Valley National Advisers Inc. increased its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC bought a new position in ARM during the 4th quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC lifted its holdings in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after buying an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Down 10.2 %

ARM stock opened at $87.71 on Friday. The stock’s 50 day simple moving average is $133.89 and its 200 day simple moving average is $139.28. Arm Holdings plc has a 12-month low of $84.39 and a 12-month high of $188.75. The stock 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 4.77.

Analyst Ratings Changes

ARM has been the topic of several research analyst reports. Citigroup boosted their target price on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI boosted their price objective on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barclays lifted their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Cfra Research raised shares of ARM to a “hold” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their price objective on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.41.

ARM Company 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.