Andar Capital Management HK Ltd Takes Position in Arm Holdings plc (NASDAQ:ARM)

Andar Capital Management HK Ltd purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,400 shares of the company’s stock, valued at approximately $2,763,000. ARM accounts for about 3.6% of Andar Capital Management HK Ltd’s portfolio, making the stock its 12th biggest holding.

Several other large investors have also made changes to their positions in ARM. Franklin Resources Inc. boosted 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 worth $183,265,000 after buying an additional 228,467 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in ARM by 4,506.5% during 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 during the last quarter. Raymond James Financial Inc. bought a new position in ARM during the fourth quarter worth about $32,655,000. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% during the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock worth $30,211,000 after buying an additional 56,000 shares during the last quarter. Finally, State Street Corp boosted its holdings in ARM by 19.2% during the third quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after buying an additional 35,720 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 equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Jefferies Financial Group raised their price target on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Loop Capital raised their price target on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Down 1.4 %

NASDAQ:ARM opened at $119.72 on Wednesday. The firm has a market capitalization of $125.45 billion, a price-to-earnings ratio of 157.53, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock’s 50 day moving average price is $144.25 and its two-hundred day moving average price is $141.16.

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.