Voya Investment Management LLC Lowers Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Voya Investment Management LLC lowered its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,684 shares of the company's stock after selling 19,795 shares during the period. Voya Investment Management LLC's holdings in ARM were worth $26,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARM. Schroder Investment Management Group increased its holdings in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after purchasing an additional 860,716 shares in the last quarter. FMR LLC raised its holdings in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after buying an additional 133,034 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of ARM by 21.7% in the third 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 in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of ARM by 1.9% during the fourth quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock valued at $109,644,000 after buying an additional 16,400 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

ARM has been the topic of several recent research reports. Barclays dropped their price target 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. Benchmark reissued a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Cfra Research raised shares of ARM to a "hold" rating in a report on Friday, March 21st. Raymond James increased their target price on shares of ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Susquehanna upped their price objective on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.20.

ARM Price Performance

NASDAQ ARM traded up $2.40 during trading on Wednesday, reaching $114.05. The company's stock had a trading volume of 3,706,861 shares, compared to its average volume of 7,219,353. The firm has a fifty day moving average of $112.71 and a 200 day moving average of $133.94. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The stock has a market capitalization of $119.51 billion, a PE ratio of 150.07, a P/E/G ratio of 6.33 and a beta of 4.48.

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.