Fox Run Management L.L.C. Takes $460,000 Position in Arm Holdings plc (NASDAQ:ARM)

Fox Run Management L.L.C. bought a new position in Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,727 shares of the company’s stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in ARM by 4,506.5% in the 4th 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 period. Sei Investments Co. lifted its stake in ARM by 19.7% during the 4th quarter. Sei Investments Co. now owns 507,507 shares of the company’s stock valued at $62,606,000 after acquiring an additional 83,489 shares during the period. American Century Companies Inc. lifted its stake in ARM by 200.9% during the 4th quarter. American Century Companies Inc. now owns 331,284 shares of the company’s stock valued at $40,867,000 after acquiring an additional 221,203 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of ARM in the 4th quarter valued at $32,655,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ARM. Mizuho boosted their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Citigroup lifted their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays upped their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and an average price target of $165.23.

ARM Stock Performance

Shares of ARM stock opened at $124.28 on Wednesday. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75. The firm has a market capitalization of $130.22 billion, a P/E ratio of 163.53, a PEG ratio of 6.33 and a beta of 4.77. The stock’s fifty day moving average is $142.19 and its two-hundred day moving average is $141.07.

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.