WealthTrust Asset Management LLC Buys 5,852 Shares of Arm Holdings plc (NASDAQ:ARM)

WealthTrust Asset Management LLC lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 145.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,876 shares of the company’s stock after acquiring an additional 5,852 shares during the period. ARM accounts for 0.9% of WealthTrust Asset Management LLC’s portfolio, making the stock its 26th largest position. WealthTrust Asset Management LLC’s holdings in ARM were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ARM. Berbice Capital Management LLC bought a new position in shares of ARM in the 4th quarter worth $49,000. Quantbot Technologies LP acquired a new position in ARM during the 3rd quarter valued at about $52,000. Valley National Advisers Inc. increased its position in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC acquired a new position in ARM during the 4th quarter valued at about $83,000. Finally, Farther Finance Advisors LLC increased its position in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after buying an additional 453 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ARM shares. Evercore ISI upped their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their target price on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Loop Capital upped their target price on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Susquehanna increased their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Barclays increased their price objective on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Trading Up 5.3 %

Shares of ARM stock opened at $117.94 on Friday. The company has a market capitalization of $123.58 billion, a P/E ratio of 155.19, a P/E/G ratio of 6.33 and a beta of 4.77. The business’s 50 day moving average is $145.26 and its two-hundred day moving average is $141.21. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75.

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.