Tower Research Capital LLC TRC Grows Stake in Arm Holdings plc (NASDAQ:ARM)

Tower Research Capital LLC TRC increased its stake in Arm Holdings plc (NASDAQ:ARM) by 232.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,608 shares of the company’s stock after buying an additional 16,498 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ARM were worth $2,912,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GeoWealth Management LLC grew its position in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in ARM during the 4th quarter valued at $49,000. Valley National Advisers Inc. increased its stake in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares during the period. MCF Advisors LLC acquired a new position in ARM in the 4th quarter worth $83,000. Finally, Farther Finance Advisors LLC boosted its position in 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 during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley cut their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Raymond James lifted their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.20.

ARM Stock Down 3.9 %

Shares of ARM opened at $96.83 on Tuesday. The firm has a market capitalization of $101.46 billion, a PE ratio of 127.41, a P/E/G ratio of 6.33 and a beta of 4.48. The firm has a 50-day moving average price of $118.60 and a 200 day moving average price of $135.43. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75.

About ARM

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.