Banco Bilbao Vizcaya Argentaria S.A. Boosts Holdings in Arm Holdings plc (NASDAQ:ARM)

Banco Bilbao Vizcaya Argentaria S.A. increased its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 753.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,746 shares of the company's stock after acquiring an additional 56,273 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ARM were worth $7,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARM. Schroder Investment Management Group boosted its holdings in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after purchasing an additional 464,719 shares during the period. Artisan Partners Limited Partnership boosted its stake in ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after buying an additional 860,716 shares during the period. FMR LLC increased its stake in ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after acquiring an additional 133,034 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after acquiring an additional 228,467 shares in the last quarter. Finally, First Trust Advisors LP boosted its position 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 valued at $109,644,000 after acquiring an additional 16,400 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Mizuho increased their target price on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. The Goldman Sachs Group lifted their price target on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Citigroup raised their price objective on ARM from $170.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities increased their price target on shares of ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.20.

ARM Trading Down 1.1 %

ARM stock traded down $1.20 on Wednesday, hitting $110.45. The company had a trading volume of 1,636,242 shares, compared to its average volume of 7,211,326. The stock has a market cap of $115.73 billion, a price-to-earnings ratio of 145.33, a P/E/G ratio of 6.33 and a beta of 4.48. The stock's 50-day simple moving average is $112.71 and its 200 day simple moving average is $133.94. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75.

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.