Franklin Resources Inc. Sells 354,845 Shares of Arm Holdings plc (NASDAQ:ARM)

Franklin Resources Inc. lessened its position in shares of Arm Holdings plc (NASDAQ:ARM) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,639 shares of the company’s stock after selling 354,845 shares during the quarter. Franklin Resources Inc. owned about 0.09% of ARM worth $114,310,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ARM. Quantbot Technologies LP bought a new stake in ARM in the third quarter worth $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter valued at about $49,000. Valley National Advisers Inc. lifted its holdings in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after acquiring an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new position in ARM in the fourth quarter worth about $83,000. Finally, Farther Finance Advisors LLC raised its position 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 purchasing an additional 453 shares during the period. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Cfra Research raised shares of ARM to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company raised their price objective on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Evercore ISI upped their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group raised their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.41.

ARM Stock Up 1.1 %

Shares of ARM opened at $108.14 on Thursday. The company has a 50 day moving average of $136.76 and a two-hundred day moving average of $139.93. The company has a market cap of $113.31 billion, a price-to-earnings ratio of 142.29, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75.

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.