Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Arm Holdings plc (NASDAQ:ARM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Arm Holdings plc (NASDAQ:ARMFree Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,534 shares of the company’s stock after purchasing an additional 982 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ARM were worth $1,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Modus Advisors LLC increased its position in shares of ARM by 300.2% in the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,453 shares during the period. KP Management LLC lifted its stake in ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after acquiring an additional 10,000 shares during the period. XTX Topco Ltd boosted its holdings in ARM by 150.1% in the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after acquiring an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC bought a new position in ARM in the 3rd quarter worth $8,581,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ARM by 89.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after buying an additional 8,707 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM stock opened at $160.84 on Tuesday. The firm has a market cap of $168.53 billion, a price-to-earnings ratio of 211.63, a PEG ratio of 7.83 and a beta of 4.57. The firm has a 50-day simple moving average of $144.69 and a two-hundred day simple moving average of $139.64. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARM. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Mizuho boosted their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. TD Cowen lifted their price target on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities upped their target price on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Read Our Latest Stock Analysis on ARM

ARM Profile

(Free Report)

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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