Paloma Partners Management Co Sells 15,372 Shares of Arm Holdings plc (NASDAQ:ARM)

Paloma Partners Management Co reduced its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 60.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,928 shares of the company's stock after selling 15,372 shares during the quarter. Paloma Partners Management Co's holdings in ARM were worth $1,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ARM. Morse Asset Management Inc bought a new stake in ARM during the third quarter worth approximately $212,000. Geode Capital Management LLC boosted its stake in ARM by 6.9% during the third quarter. Geode Capital Management LLC now owns 107,683 shares of the company's stock valued at $15,400,000 after buying an additional 6,959 shares in the last quarter. Virtu Financial LLC bought a new stake in ARM in the third quarter worth about $1,163,000. Wilmington Savings Fund Society FSB bought a new position in shares of ARM during the 3rd quarter valued at about $419,000. Finally, Franklin Resources Inc. grew its stake 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 worth $183,265,000 after purchasing an additional 228,467 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Up 6.8 %

Shares of ARM stock traded up $7.87 during trading on Friday, reaching $123.27. The company's stock had a trading volume of 5,120,440 shares, compared to its average volume of 7,240,786. The stock has a 50-day moving average price of $111.59 and a two-hundred day moving average price of $133.48. The stock has a market capitalization 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 one year low of $80.00 and a one year high of $188.75.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARM. Jefferies Financial Group lifted their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Loop Capital upped their price objective on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Finally, Evercore ISI upped their price target on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.