Vontobel Holding Ltd. Raises Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Vontobel Holding Ltd. lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 57.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,148 shares of the company’s stock after buying an additional 15,046 shares during the quarter. Vontobel Holding Ltd.’s holdings in ARM were worth $5,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC raised its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the period. Quantbot Technologies LP purchased a new stake in shares of ARM in the third quarter worth approximately $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM in the fourth quarter worth approximately $49,000. Farther Finance Advisors LLC raised its holdings in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the period. Finally, Valley National Advisers Inc. grew its stake in ARM by 71.7% in the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock worth $77,000 after purchasing an additional 226 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Susquehanna increased their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Raymond James increased their price objective on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on ARM from $159.00 to $174.00 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, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM Price Performance

Shares of ARM stock opened at $159.54 on Friday. The firm has a market capitalization of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The business has a fifty day moving average of $146.64 and a 200 day moving average of $140.24. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.