Handelsbanken Fonder AB Purchases New Stake in Arm Holdings plc (NASDAQ:ARM)

Handelsbanken Fonder AB acquired a new position in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,702 shares of the company’s stock, valued at approximately $11,189,000.

Several other large investors have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of ARM during the 3rd quarter valued at approximately $52,000. Berbice Capital Management LLC acquired a new position in ARM during the fourth quarter worth $49,000. Farther Finance Advisors LLC boosted its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares in the last quarter. Valley National Advisers Inc. grew its holdings in ARM by 71.7% in the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock valued at $77,000 after purchasing an additional 226 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of ARM in the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Down 4.0 %

NASDAQ:ARM opened at $144.87 on Friday. The company has a market cap of $151.80 billion, a P/E ratio of 190.62, a P/E/G ratio of 6.60 and a beta of 4.57. The firm’s 50 day moving average is $147.65 and its two-hundred day moving average is $141.41. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Rosenblatt Securities increased their price target 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. Evercore ISI lifted their price objective on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Raymond James increased their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target 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.