Arm Holdings plc (NASDAQ:ARM) Stock Holdings Decreased by KP Management LLC

KP Management LLC cut its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the company's stock after selling 30,000 shares during the period. KP Management LLC's holdings in ARM were worth $1,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARM. Bank of New York Mellon Corp lifted its holdings in ARM by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock valued at $12,990,000 after acquiring an additional 5,440 shares during the period. Modus Advisors LLC grew its holdings in ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company's stock valued at $2,212,000 after buying an additional 13,453 shares during the period. Franklin Resources Inc. grew its holdings in 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 buying an additional 228,467 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in ARM by 333.8% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company's stock valued at $849,000 after buying an additional 5,297 shares during the period. Finally, Capital Market Strategies LLC purchased a new stake in ARM in the 4th quarter valued at about $694,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARM has been the topic of several research analyst reports. Evercore ISI lifted their price objective on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities boosted their price target on ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Raymond James boosted their price target on ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.20.

ARM Price Performance

Shares of ARM traded up $2.40 during mid-day trading on Wednesday, hitting $114.05. The company's stock had a trading volume of 3,706,861 shares, compared to its average volume of 7,233,117. The firm has a 50-day moving average price of $112.71 and a 200 day moving average price of $133.94. The stock has a market capitalization of $119.51 billion, a price-to-earnings ratio of 150.07, a PEG ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week 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.