NEOS Investment Management LLC Increases Stake in Arm Holdings plc (NASDAQ:ARM)

NEOS Investment Management LLC increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,547 shares of the company’s stock after acquiring an additional 621 shares during the quarter. NEOS Investment Management LLC’s holdings in ARM were worth $561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of ARM in the 4th quarter valued at $49,000. Quantbot Technologies LP purchased a new position in ARM in the third quarter valued at about $52,000. Valley National Advisers Inc. raised its holdings in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of ARM during the fourth quarter valued at about $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ARM by 108.6% in 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 currently owned by institutional investors.

ARM Trading Down 4.2 %

Shares of ARM stock opened at $107.80 on Monday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a market cap of $112.96 billion, a P/E ratio of 141.84, a P/E/G ratio of 6.33 and a beta of 4.77. The stock has a 50 day moving average of $140.01 and a 200 day moving average of $140.66.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Raymond James upped their price target on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Susquehanna upped their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI raised their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.41.

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.