Wells Fargo & Company MN Purchases 1,160 Shares of Arm Holdings plc (NASDAQ:ARM)

Wells Fargo & Company MN raised its position in shares of Arm Holdings plc (NASDAQ:ARM) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 335,721 shares of the company’s stock after purchasing an additional 1,160 shares during the quarter. Wells Fargo & Company MN’s holdings in ARM were worth $41,414,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ARM. Charles Schwab Investment Management Inc. grew its stake in shares of ARM by 89.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ARM by 79.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,550 shares of the company’s stock valued at $937,000 after purchasing an additional 2,900 shares during the period. Captrust Financial Advisors grew its stake in shares of ARM by 33.7% during the 3rd quarter. Captrust Financial Advisors now owns 3,817 shares of the company’s stock valued at $546,000 after purchasing an additional 963 shares during the period. Morse Asset Management Inc bought a new stake in shares of ARM during the 3rd quarter valued at about $212,000. Finally, Quantinno Capital Management LP bought a new position in shares of ARM during the 3rd quarter valued at approximately $297,000. 7.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARM. Evercore ISI boosted their price objective on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Jefferies Financial Group boosted their price objective on ARM from $170.00 to $195.00 and gave the company 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 note on Thursday, February 6th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities boosted their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.76.

ARM Price Performance

Shares of ARM opened at $106.59 on Thursday. The business’s 50 day simple moving average is $128.25 and its 200-day simple moving average is $137.73. Arm Holdings plc has a 1 year low of $80.00 and a 1 year high of $188.75. The stock has a market capitalization of $111.69 billion, a price-to-earnings ratio of 140.25, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48.

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.