Transcend Capital Advisors LLC Has $208,000 Position in Arm Holdings plc (NASDAQ:ARM)

Transcend Capital Advisors LLC cut its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,690 shares of the company’s stock after selling 400 shares during the quarter. Transcend Capital Advisors LLC’s holdings in ARM were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Berbice Capital Management LLC acquired a new stake in shares of ARM in the 4th quarter worth about $49,000. Quantbot Technologies LP acquired a new position in ARM during the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 131 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares during the last quarter. Finally, MCF Advisors LLC bought a new position in shares of ARM in the fourth quarter valued at approximately $83,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Down 3.0 %

Shares of NASDAQ:ARM opened at $140.53 on Tuesday. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The stock’s 50-day moving average price is $147.56 and its 200-day moving average price is $141.81. The stock has a market capitalization of $147.25 billion, a P/E ratio of 184.91, a price-to-earnings-growth ratio of 6.60 and a beta of 4.57.

Analyst Upgrades and Downgrades

ARM has been the topic of several recent analyst reports. Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research report on Thursday, October 31st. Barclays boosted their price target on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Citigroup increased their price objective on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

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.