Integrated Wealth Concepts LLC Sells 2,555 Shares of Arm Holdings plc (NASDAQ:ARM)

Integrated Wealth Concepts LLC reduced its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,440 shares of the company's stock after selling 2,555 shares during the quarter. Integrated Wealth Concepts LLC's holdings in ARM were worth $1,041,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GeoWealth Management LLC raised its holdings in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after buying an additional 92 shares during the period. Berbice Capital Management LLC bought a new stake in ARM during the fourth quarter worth approximately $49,000. Valley National Advisers Inc. lifted its position in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of ARM during the fourth quarter worth approximately $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after purchasing an additional 453 shares during the period. Institutional investors own 7.53% of the company's stock.

ARM Stock Performance

ARM traded up $7.87 during trading on Friday, reaching $123.27. 5,120,440 shares of the stock were exchanged, compared to its average volume of 7,240,789. The stock's 50 day moving average price is $111.32 and its two-hundred day moving average price is $133.29. The stock has a market cap of $129.17 billion, a P/E ratio of 162.20, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company cut their target price on ARM from $185.00 to $150.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Raymond James lifted their price target on ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Evercore ISI increased their price objective on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Citigroup boosted their price target on shares of ARM from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, UBS Group decreased their target price on ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.20.

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.