ING Groep NV Has $714,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

ING Groep NV increased its position in shares of Arm Holdings plc (NASDAQ:ARM) by 196.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,787 shares of the company’s stock after purchasing an additional 3,833 shares during the quarter. ING Groep NV’s holdings in ARM were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. grew its holdings in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after acquiring an additional 228,467 shares during the last quarter. SG Americas Securities LLC bought a new stake in ARM during the 4th quarter worth about $22,705,000. UNICOM Systems Inc. bought a new stake in ARM during the 4th quarter worth about $13,673,000. Handelsbanken Fonder AB bought a new stake in ARM during the 4th quarter worth about $11,189,000. Finally, Erste Asset Management GmbH bought a new stake in ARM during the 3rd quarter worth about $11,646,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

Shares of ARM stock opened at $140.53 on Tuesday. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75. The company has a market capitalization of $147.25 billion, a P/E ratio of 184.91, a price-to-earnings-growth ratio of 6.60 and a beta of 4.57. The company’s 50 day moving average price is $147.56 and its two-hundred day moving average price is $141.81.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group increased their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group raised their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the company 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, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

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.