Arm Holdings plc (NASDAQ:ARM) Shares Sold by AXQ Capital LP

AXQ Capital LP decreased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,059 shares of the company’s stock after selling 147 shares during the quarter. AXQ Capital LP’s holdings in ARM were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter worth approximately $49,000. Quantbot Technologies LP purchased a new position in ARM during the third quarter worth approximately $52,000. Valley National Advisers Inc. boosted its holdings in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of ARM during the 4th quarter valued at $83,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARM. The Goldman Sachs Group lifted their target price on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Loop Capital boosted their target price on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Rosenblatt Securities raised their price target on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Evercore ISI lifted their price target on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $165.23.

ARM Price Performance

NASDAQ ARM opened at $119.07 on Monday. The company’s fifty day moving average price is $142.75 and its two-hundred day moving average price is $141.01. The company has a market capitalization of $124.77 billion, a price-to-earnings ratio of 156.67, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75.

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.