NEOS Investment Management LLC Acquires 621 Shares of Arm Holdings plc (NASDAQ:ARM)

NEOS Investment Management LLC grew its holdings in Arm Holdings plc (NASDAQ:ARM) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,547 shares of the company’s stock after acquiring an additional 621 shares during the period. NEOS Investment Management LLC’s holdings in ARM were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ARM. Quantbot Technologies LP purchased a new position in ARM in the 3rd quarter worth approximately $52,000. Berbice Capital Management LLC bought a new stake in shares of ARM during the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. lifted its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC bought a new position in shares of ARM during the fourth quarter worth $83,000. Finally, Farther Finance Advisors LLC grew its stake in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup boosted their price target on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Rosenblatt Securities raised their price target on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.41.

ARM Trading Down 4.2 %

NASDAQ ARM opened at $107.80 on Monday. The stock has a market cap of $112.96 billion, a PE ratio of 141.84, 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 50-day moving average price is $140.01 and its 200-day moving average price is $140.66.

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.