Henry James International Management Inc. Invests $325,000 in Arm Holdings plc (NASDAQ:ARM)

Henry James International Management Inc. purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,638 shares of the company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tufton Capital Management boosted its position in ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after purchasing an additional 65 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of ARM during the 4th quarter valued at about $493,000. Kovack Advisors Inc. grew its stake in shares of ARM by 7.9% in the 4th quarter. Kovack Advisors Inc. now owns 3,521 shares of the company’s stock valued at $434,000 after buying an additional 258 shares in the last quarter. Convergence Financial LLC increased its holdings in ARM by 7.1% in the fourth quarter. Convergence Financial LLC now owns 6,855 shares of the company’s stock worth $846,000 after buying an additional 454 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in ARM by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock valued at $12,990,000 after acquiring an additional 5,440 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $131.69 on Friday. The firm has a fifty day moving average of $147.44 and a 200-day moving average of $141.95. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The stock has a market cap of $137.99 billion, a price-to-earnings ratio of 173.28, a P/E/G ratio of 6.33 and a beta of 4.56.

Analysts Set New Price Targets

Several research firms have commented on ARM. Loop Capital boosted their target price on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Evercore ISI increased their target price on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Raymond James raised their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average target price of $165.23.

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.