WealthTrust Asset Management LLC Acquires 5,852 Shares of Arm Holdings plc (NASDAQ:ARM)

WealthTrust Asset Management LLC boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 145.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,876 shares of the company’s stock after purchasing an additional 5,852 shares during the quarter. ARM comprises 0.9% of WealthTrust Asset Management LLC’s portfolio, making the stock its 26th biggest holding. WealthTrust Asset Management LLC’s holdings in ARM were worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. Berbice Capital Management LLC bought a new stake in ARM during the 4th quarter valued at approximately $49,000. Quantbot Technologies LP bought a new stake in ARM during the 3rd quarter valued at approximately $52,000. Valley National Advisers Inc. raised its stake in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC bought a new stake in ARM in the 4th quarter worth approximately $83,000. Finally, Farther Finance Advisors LLC increased its stake in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after acquiring an additional 453 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 a number of research reports. Susquehanna lifted their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Barclays lifted their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Rosenblatt Securities lifted their price objective on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target of $165.23.

ARM Trading Up 5.3 %

Shares of ARM stock opened at $117.94 on Friday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a market capitalization of $123.58 billion, a price-to-earnings ratio of 155.19, a P/E/G ratio of 6.33 and a beta of 4.77. The stock has a fifty day simple moving average of $145.26 and a two-hundred day simple moving average of $141.21.

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.