Ascent Wealth Partners LLC Buys 512 Shares of Arm Holdings plc (NASDAQ:ARM)

Ascent Wealth Partners LLC boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,245 shares of the company’s stock after acquiring an additional 512 shares during the quarter. Ascent Wealth Partners LLC’s holdings in ARM were worth $2,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in ARM in the third quarter valued at approximately $52,000. Berbice Capital Management LLC acquired a new stake in ARM in the fourth quarter valued at $49,000. Farther Finance Advisors LLC lifted its stake in 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 acquiring an additional 131 shares during the last quarter. Valley National Advisers Inc. lifted its stake in ARM by 71.7% in the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock valued at $77,000 after acquiring an additional 226 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of ARM during the 4th quarter worth about $83,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Raymond James raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Trading Down 4.0 %

ARM opened at $144.87 on Friday. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The company has a market capitalization of $151.80 billion, a PE ratio of 190.62, a PEG ratio of 6.60 and a beta of 4.57. The firm’s 50 day simple moving average is $147.65 and its two-hundred day simple moving average is $141.41.

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.