Arm Holdings plc (NASDAQ:ARM) Shares Sold by GAM Holding AG

GAM Holding AG trimmed its holdings in Arm Holdings plc (NASDAQ:ARM) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,723 shares of the company’s stock after selling 974 shares during the quarter. GAM Holding AG’s holdings in ARM were worth $2,310,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ARM. Gilliland Jeter Wealth Management LLC grew its stake in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the last quarter. Berbice Capital Management LLC purchased a new position in ARM during the 4th quarter worth $49,000. Quantbot Technologies LP acquired a new position in ARM in the third quarter valued at $52,000. Farther Finance Advisors LLC raised its holdings in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of ARM by 13.3% during the fourth 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. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM opened at $159.54 on Tuesday. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The stock has a market cap of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The firm has a 50 day simple moving average of $147.04 and a 200-day simple moving average of $140.48.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARM. Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

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.