Jones Financial Companies Lllp Acquires 5,328 Shares of Arm Holdings plc (NASDAQ:ARM)

Jones Financial Companies Lllp increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,352 shares of the company’s stock after purchasing an additional 5,328 shares during the quarter. Jones Financial Companies Lllp’s holdings in ARM were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Berbice Capital Management LLC purchased a new stake in ARM during the 4th quarter valued at $49,000. Quantbot Technologies LP purchased a new stake in ARM during the third quarter valued at $52,000. Farther Finance Advisors LLC lifted its holdings in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares during the period. Valley National Advisers Inc. lifted its holdings 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 acquiring an additional 72 shares during the period. Finally, MCF Advisors LLC purchased a new position in ARM in the fourth quarter worth about $83,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Trading Up 1.9 %

Shares of ARM stock opened at $124.78 on Thursday. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75. The stock has a 50 day moving average of $147.00 and a 200 day moving average of $141.95. The firm has a market cap of $130.75 billion, a PE ratio of 164.19, a PEG ratio of 6.33 and a beta of 4.57.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Raymond James increased their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Evercore ISI upped their price objective on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Susquehanna lifted their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.