TD Waterhouse Canada Inc. Sells 21,183 Shares of Arm Holdings plc (NASDAQ:ARM)

TD Waterhouse Canada Inc. trimmed its stake in Arm Holdings plc (NASDAQ:ARM) by 76.0% in the fourth quarter, HoldingsChannel.com reports. The firm 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 large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of 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 last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in ARM during the 4th quarter worth approximately $559,000. First Trust Advisors LP lifted its position in shares of ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company’s stock worth $109,644,000 after purchasing an additional 16,400 shares during the period. Freedom Investment Management Inc. boosted its stake in shares of ARM by 10.6% in 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 during the last quarter. Finally, GeoWealth Management LLC increased its position in shares of 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 during the period. 7.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ARM shares. Bank of America cut their price target on shares of ARM from $180.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group raised 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. Wells Fargo & Company boosted their price target on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho raised their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Citigroup boosted their target price on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Two 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. According to MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $164.70.

ARM Stock Performance

ARM stock opened at $112.01 on Friday. The stock has a market cap of $117.37 billion, a PE ratio of 147.38, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The firm’s 50-day simple moving average is $115.28 and its 200 day simple moving average is $134.78.

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.