SBI Securities Co. Ltd. Invests $16.93 Million in Arm Holdings plc (NASDAQ:ARM)

SBI Securities Co. Ltd. acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 137,267 shares of the company’s stock, valued at approximately $16,933,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter worth approximately $52,000. Berbice Capital Management LLC purchased a new position in ARM in the 4th quarter valued at about $49,000. Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the last quarter. Valley National Advisers Inc. raised its stake in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in shares of ARM in the 4th quarter worth about $83,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

ARM stock opened at $131.69 on Friday. The stock has a market cap of $137.99 billion, a P/E ratio of 173.28, a PEG ratio of 6.33 and a beta of 4.56. The firm’s fifty day moving average price is $147.44 and its 200-day moving average price is $142.08. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

Analyst Ratings Changes

A number of analysts have recently weighed in on ARM shares. Evercore ISI upped their price target on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barclays raised their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Finally, TD Cowen raised their price target on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.23.

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.