ING Groep NV Has $714,000 Holdings in Arm Holdings plc (NASDAQ:ARM)

ING Groep NV grew its holdings in Arm Holdings plc (NASDAQ:ARM) by 196.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,787 shares of the company’s stock after acquiring an additional 3,833 shares during the quarter. ING Groep NV’s holdings in ARM were worth $714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in ARM by 9.2% during the third quarter. Arkadios Wealth Advisors now owns 3,953 shares of the company’s stock worth $565,000 after buying an additional 333 shares during the last quarter. Modera Wealth Management LLC acquired a new position in ARM during the third quarter worth $242,000. DekaBank Deutsche Girozentrale increased its holdings in ARM by 70.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,092 shares of the company’s stock worth $1,708,000 after buying an additional 5,003 shares during the last quarter. Finally, Valley National Advisers Inc. increased its holdings in ARM by 71.7% during the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock worth $77,000 after buying an additional 226 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Down 3.0 %

ARM opened at $140.53 on Tuesday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The company has a 50-day simple moving average of $147.56 and a 200 day simple moving average of $141.81. The stock has a market capitalization of $147.25 billion, a price-to-earnings ratio of 184.91, a P/E/G ratio of 6.60 and a beta of 4.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Evercore ISI boosted their target price on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Barclays lifted their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two 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 stock. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target 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.