Zevenbergen Capital Investments LLC Acquires 76,576 Shares of Arm Holdings plc (NASDAQ:ARM)

Zevenbergen Capital Investments LLC boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,533 shares of the company’s stock after purchasing an additional 76,576 shares during the period. ARM comprises about 1.2% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 25th largest holding. Zevenbergen Capital Investments LLC’s holdings in ARM were worth $58,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tufton Capital Management grew its stake in shares of ARM by 1.5% in 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 in the last quarter. Valley National Advisers Inc. grew its position in shares of ARM by 13.3% in the 4th 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. Zullo Investment Group Inc. increased its stake in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after purchasing an additional 85 shares during the last quarter. Cibc World Markets Corp raised its holdings in shares of ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock valued at $350,000 after purchasing an additional 96 shares during the period. Finally, Gladstone Institutional Advisory LLC lifted its stake in ARM by 3.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock valued at $409,000 after purchasing an additional 98 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Price Performance

Shares of ARM stock opened at $119.07 on Monday. The stock has a market capitalization of $124.77 billion, a PE ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77. The business’s 50 day simple moving average is $142.75 and its 200 day simple moving average is $141.01. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ARM shares. Wells Fargo & Company raised their price objective on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group upped their price objective on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, Barclays upped their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

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.