Arm Holdings plc (NASDAQ:ARM) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,696 shares of the company's stock after selling 21,183 shares during the period. TD Waterhouse Canada Inc.'s holdings in ARM were worth $826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in ARM by 232.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,608 shares of the company's stock worth $2,912,000 after acquiring an additional 16,498 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ARM during the 4th quarter worth approximately $559,000. First Trust Advisors LP increased its holdings 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 purchasing an additional 16,400 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of ARM by 10.6% during the 4th quarter. Freedom Investment Management Inc. now owns 7,107 shares of the company's stock valued at $877,000 after purchasing an additional 682 shares in the last quarter. Finally, GeoWealth Management LLC boosted its holdings in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after buying an additional 92 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ARM. Mizuho increased their target price on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities boosted their price objective on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Loop Capital lifted their target price 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. Two investment 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 stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average target price of $163.20.

ARM Price Performance

Shares of NASDAQ:ARM traded down $0.74 during mid-day trading on Wednesday, reaching $110.91. 1,425,236 shares of the company were exchanged, compared to its average volume of 7,210,454. Arm Holdings plc has a 1 year low of $80.00 and a 1 year high of $188.75. The firm's 50-day simple moving average is $112.71 and its 200 day simple moving average is $133.94. The firm has a market cap of $116.22 billion, a price-to-earnings ratio of 145.77, a P/E/G ratio of 6.33 and a beta of 4.48.

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.