Union Bancaire Privee UBP SA Takes $471,000 Position in Arm Holdings plc (NASDAQ:ARM)

Union Bancaire Privee UBP SA acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,800 shares of the company’s stock, valued at approximately $471,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Ascent Wealth Partners LLC boosted its holdings in ARM by 2.6% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,245 shares of the company’s stock valued at $2,497,000 after acquiring an additional 512 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in ARM by 7.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 3,650 shares of the company’s stock valued at $450,000 after acquiring an additional 240 shares during the last quarter. Compass Capital Corp MA ADV bought a new stake in ARM in the fourth quarter valued at approximately $218,000. Prakash Investment Advisors LLC bought a new stake in ARM in the fourth quarter valued at approximately $497,000. Finally, ING Groep NV boosted its holdings in ARM by 196.2% in the fourth quarter. ING Groep NV now owns 5,787 shares of the company’s stock valued at $714,000 after acquiring an additional 3,833 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on ARM shares. The Goldman Sachs Group upped 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. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Citigroup increased their price target on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company increased 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. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Price Performance

Shares of ARM stock opened at $140.53 on Tuesday. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The firm has a market cap of $147.25 billion, a PE ratio of 184.91, a P/E/G ratio of 6.60 and a beta of 4.57. The stock has a fifty day moving average price of $147.56 and a 200-day moving average price of $141.81.

ARM 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.