JBR Co Financial Management Inc Has $263,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

JBR Co Financial Management Inc reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,132 shares of the company’s stock after selling 98 shares during the quarter. JBR Co Financial Management Inc’s holdings in ARM were worth $263,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in ARM in the fourth quarter valued at about $49,000. Quantbot Technologies LP acquired a new stake in ARM in the third quarter valued at about $52,000. Farther Finance Advisors LLC boosted its stake 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 buying an additional 131 shares in the last quarter. Valley National Advisers Inc. boosted its stake 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 buying an additional 72 shares in the last quarter. Finally, MCF Advisors LLC acquired a new stake in ARM in the fourth quarter valued at about $83,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM stock opened at $144.87 on Friday. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The stock has a 50 day simple moving average of $147.65 and a two-hundred day simple moving average of $141.41. The company has a market cap of $151.80 billion, a P/E ratio of 190.62, a PEG ratio of 6.60 and a beta of 4.57.

Analysts Set New Price Targets

Several research firms recently weighed in on ARM. Susquehanna raised their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. 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 note on Thursday, February 6th. Raymond James lifted their price target on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM 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.