Quantum Private Wealth LLC Increases Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Quantum Private Wealth LLC boosted its stake in Arm Holdings plc (NASDAQ:ARM) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,300 shares of the company’s stock after acquiring an additional 838 shares during the quarter. Quantum Private Wealth LLC’s holdings in ARM were worth $1,271,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARM. Modus Advisors LLC boosted its stake in shares of ARM by 300.2% in the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the period. KP Management LLC boosted its position in ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after buying an additional 10,000 shares during the last quarter. XTX Topco Ltd grew its stake in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after acquiring an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC purchased a new stake in shares of ARM during the third quarter worth about $8,581,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ARM by 89.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock worth $2,640,000 after acquiring an additional 8,707 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of recent analyst reports. 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. Loop Capital raised their price target 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. TD Cowen upped their price target on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Rosenblatt Securities raised their price objective on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup upped their target price 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Trading Down 3.2 %

NASDAQ ARM opened at $159.54 on Friday. The company has a 50-day moving average price of $146.64 and a two-hundred day moving average price of $140.24. 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 $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.

ARM 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.