Arm Holdings plc (NASDAQ:ARM) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. reduced its position in shares of Arm Holdings plc (NASDAQ:ARM) by 87.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,720 shares of the company’s stock after selling 12,060 shares during the quarter. ARM comprises 3.3% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 11th largest holding. Mizuho Securities Co. Ltd.’s holdings in ARM were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after buying an additional 791,392 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ARM by 19.7% in the fourth quarter. Sei Investments Co. now owns 507,507 shares of the company’s stock valued at $62,606,000 after buying an additional 83,489 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its position in shares of ARM by 19.4% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 470,533 shares of the company’s stock valued at $58,045,000 after acquiring an additional 76,576 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of ARM by 200.9% during the 4th quarter. American Century Companies Inc. now owns 331,284 shares of the company’s stock worth $40,867,000 after acquiring an additional 221,203 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ARM has been the subject of several analyst reports. Barclays upped their target price on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. 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 research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Stock Performance

Shares of ARM opened at $124.28 on Wednesday. The firm has a market capitalization of $130.22 billion, a P/E ratio of 163.53, a P/E/G ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The company has a 50-day simple moving average of $142.19 and a 200-day simple moving average of $141.07.

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.