Stifel Financial Corp Buys 3,145 Shares of Arm Holdings plc (NASDAQ:ARM)

Stifel Financial Corp lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,315 shares of the company's stock after purchasing an additional 3,145 shares during the period. Stifel Financial Corp's holdings in ARM were worth $5,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GeoWealth Management LLC grew its position in shares of ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in ARM in the 4th quarter valued at $49,000. Valley National Advisers Inc. increased its stake in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after acquiring an additional 72 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of ARM during the 4th quarter valued at about $83,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of ARM by 108.6% in the fourth 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 and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of NASDAQ ARM traded up $7.87 during mid-day trading on Friday, hitting $123.27. The company had a trading volume of 5,120,440 shares, compared to its average volume of 7,240,789. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The firm has a market cap of $129.17 billion, a P/E ratio of 162.20, a PEG ratio of 6.33 and a beta of 4.48. The business's 50-day simple moving average is $111.32 and its 200-day simple moving average is $133.29.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Barclays decreased their target price on shares of ARM from $155.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Loop Capital lifted their price target on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, KGI Securities started coverage on shares of ARM in a report on Tuesday, April 15th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.20.

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.