Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 436.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,167 shares of the company's stock after purchasing an additional 25,362 shares during the period. Concentric Capital Strategies LP's holdings in ARM were worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after acquiring an additional 464,719 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after buying an additional 860,716 shares during the period. FMR LLC lifted its holdings in shares of ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after buying an additional 133,034 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of ARM by 1.9% during the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after purchasing an additional 16,400 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after buying an additional 791,392 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ARM. Cfra Research raised ARM to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company reduced their price objective on ARM from $185.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Loop Capital boosted their price target on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Barclays lowered their target price on shares of ARM from $155.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average target price of $163.20.

ARM Stock Performance

Shares of ARM stock opened at $122.73 on Wednesday. The stock has a 50 day moving average price of $110.83 and a 200-day moving average price of $132.72. The stock has a market cap of $128.60 billion, a price-to-earnings ratio of 161.49, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75.

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.

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