Tower Research Capital LLC TRC Has $2.91 Million Stock Position in Arm Holdings plc (NASDAQ:ARM)

Tower Research Capital LLC TRC increased its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 232.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,608 shares of the company's stock after buying an additional 16,498 shares during the quarter. Tower Research Capital LLC TRC's holdings in ARM were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ARM. GeoWealth Management LLC raised its position in 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 during the period. Berbice Capital Management LLC purchased a new position in ARM in the fourth quarter valued at about $49,000. Valley National Advisers Inc. raised its position in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC purchased a new position in ARM in the fourth quarter valued at about $83,000. Finally, Farther Finance Advisors LLC increased its position in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after acquiring an additional 453 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM stock traded up $1.33 during trading on Friday, hitting $113.34. The stock had a trading volume of 3,905,261 shares, compared to its average volume of 7,257,589. The firm has a market cap of $118.76 billion, a P/E ratio of 149.13, a PEG ratio of 6.33 and a beta of 4.48. The business has a fifty day moving average of $114.34 and a two-hundred day moving average of $134.37. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

Analyst Ratings Changes

ARM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. KGI Securities initiated coverage on ARM in a research report on Tuesday, April 15th. They set a "neutral" rating on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Morgan Stanley decreased their price target on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned 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, ARM currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.70.

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.