Guggenheim Capital LLC Decreases Stake in Arm Holdings plc (NASDAQ:ARM)

Guggenheim Capital LLC cut its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,579 shares of the company’s stock after selling 5,087 shares during the period. Guggenheim Capital LLC’s holdings in ARM were worth $5,499,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. CreativeOne Wealth LLC boosted its holdings in shares of ARM by 59.2% during the 4th quarter. CreativeOne Wealth LLC now owns 4,187 shares of the company’s stock valued at $517,000 after acquiring an additional 1,557 shares during the last quarter. Mariner LLC boosted its holdings in ARM by 2.6% in the fourth quarter. Mariner LLC now owns 22,163 shares of the company’s stock worth $2,734,000 after purchasing an additional 562 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its position in ARM by 144.8% in the 4th quarter. Reynders McVeigh Capital Management LLC now owns 90,615 shares of the company’s stock worth $11,178,000 after purchasing an additional 53,606 shares during the period. Summit Investment Advisors Inc. raised its stake in ARM by 8.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,075 shares of the company’s stock valued at $503,000 after buying an additional 310 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in shares of ARM during the 4th quarter valued at $275,000. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

NASDAQ:ARM opened at $100.73 on Friday. The stock’s fifty day moving average is $120.91 and its 200 day moving average is $136.01. The firm has a market capitalization of $105.55 billion, a PE ratio of 132.54, a PEG ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Evercore ISI boosted their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Susquehanna increased their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.05.

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.