Clare Market Investments LLC Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Clare Market Investments LLC bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,100 shares of the company’s stock, valued at approximately $506,000.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares during the last quarter. Van ECK Associates Corp bought a new position in ARM in the third quarter valued at approximately $387,000. Lindbrook Capital LLC increased its stake in ARM by 1,095.6% in the third quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock valued at $272,000 after acquiring an additional 1,742 shares during the last quarter. Sigma Planning Corp increased its stake in ARM by 878.8% in the third quarter. Sigma Planning Corp now owns 17,001 shares of the company’s stock valued at $2,431,000 after acquiring an additional 15,264 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in ARM in the third quarter valued at approximately $572,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ARM shares. Raymond James raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays raised their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Loop Capital raised their target price on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Down 7.3 %

ARM stock opened at $116.38 on Tuesday. The firm has a market cap of $121.95 billion, a price-to-earnings ratio of 153.13, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The company’s fifty day simple moving average is $146.50 and its 200 day simple moving average is $141.80.

ARM Company 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.