Guggenheim Capital LLC Sells 5,087 Shares of Arm Holdings plc (NASDAQ:ARM)

Guggenheim Capital LLC lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 10.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,579 shares of the company’s stock after selling 5,087 shares during the quarter. Guggenheim Capital LLC’s holdings in ARM were worth $5,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its stake in ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock worth $376,782,000 after acquiring an additional 464,719 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock worth $327,088,000 after purchasing an additional 860,716 shares during the period. FMR LLC boosted its stake in shares of ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company’s stock valued at $271,293,000 after purchasing an additional 133,034 shares in the last quarter. Franklin Resources Inc. increased its holdings in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in ARM by 4,506.5% in the fourth 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 in the last quarter. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

ARM has been the topic of several recent research reports. Barclays increased their target price on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Citigroup lifted their target price 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 reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.05.

ARM Stock Down 0.3 %

Shares of ARM stock opened at $100.73 on Friday. The firm has a market cap of $105.55 billion, a PE ratio of 132.54, a P/E/G ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The business has a 50-day moving average price of $120.91 and a 200 day moving average price of $136.01.

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.