Oak Grove Capital LLC Purchases Shares of 2,300 Arm Holdings plc (NASDAQ:ARM)

Oak Grove Capital LLC acquired a new position in Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,300 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in ARM during the third quarter worth $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM in the 4th quarter valued at $49,000. Farther Finance Advisors LLC lifted its stake in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares in the last quarter. Valley National Advisers Inc. lifted its stake in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in ARM during the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

ARM has been the topic of several research reports. Loop Capital increased their price target on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Citigroup increased their target price on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target 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. TD Cowen increased their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Price Performance

NASDAQ ARM opened at $122.49 on Wednesday. The company has a fifty day moving average of $147.14 and a two-hundred day moving average of $142.07. The company has a market capitalization of $128.35 billion, a PE ratio of 161.17, a P/E/G ratio of 6.33 and a beta of 4.57. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

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.