Erste Asset Management GmbH Has $3.88 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Erste Asset Management GmbH lessened its position in Arm Holdings plc (NASDAQ:ARM) by 62.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,000 shares of the company’s stock after selling 50,000 shares during the period. Erste Asset Management GmbH’s holdings in ARM were worth $3,876,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Tufton Capital Management boosted its position in shares of ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after buying an additional 65 shares during the last quarter. Valley National Advisers Inc. boosted its position in shares of ARM by 13.3% during 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. Zullo Investment Group Inc. lifted its holdings in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after acquiring an additional 85 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in ARM by 3.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock worth $409,000 after acquiring an additional 98 shares during the period. Finally, Hobbs Group Advisors LLC lifted its holdings in ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Up 5.3 %

ARM stock opened at $117.94 on Friday. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The business has a 50-day simple moving average of $145.26 and a 200 day simple moving average of $141.15. The stock has a market cap of $123.58 billion, a price-to-earnings ratio of 155.19, a PEG ratio of 6.33 and a beta of 4.77.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARM. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Citigroup lifted their price target on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Loop Capital lifted their price target on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Finally, Raymond James boosted their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.