Freedom Investment Management Inc. Acquires 682 Shares of Arm Holdings plc (NASDAQ:ARM)

Freedom Investment Management Inc. lifted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,107 shares of the company’s stock after purchasing an additional 682 shares during the period. Freedom Investment Management Inc.’s holdings in ARM were worth $877,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of ARM by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock worth $12,990,000 after buying an additional 5,440 shares during the period. Modus Advisors LLC grew its holdings in ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after acquiring an additional 13,453 shares during the last quarter. Franklin Resources Inc. increased its position in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in shares of ARM by 333.8% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company’s stock valued at $849,000 after acquiring an additional 5,297 shares during the last quarter. Finally, Capital Market Strategies LLC purchased a new stake in shares of ARM during the fourth quarter worth about $694,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ARM shares. JPMorgan Chase & Co. upped their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup boosted their price objective on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Susquehanna boosted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Loop Capital raised their price objective on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.20.

ARM Trading Down 0.3 %

Shares of ARM opened at $100.73 on Friday. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The business’s fifty day simple moving average is $119.77 and its two-hundred day simple moving average is $135.75. The company has a market cap of $105.55 billion, a price-to-earnings ratio of 132.54, a P/E/G ratio of 6.33 and a beta of 4.48.

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.