Voya Investment Management LLC Sells 19,795 Shares of Arm Holdings plc (NASDAQ:ARM)

Voya Investment Management LLC reduced its position in shares of Arm Holdings plc (NASDAQ:ARM) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,684 shares of the company’s stock after selling 19,795 shares during the period. Voya Investment Management LLC’s holdings in ARM were worth $26,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GeoWealth Management LLC grew its holdings in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of ARM during the fourth quarter worth $49,000. Valley National Advisers Inc. increased its holdings in shares of ARM by 13.3% during 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 in the 4th quarter valued at $83,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ARM by 108.6% during the 4th 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. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $113.34 on Friday. The firm has a market cap of $118.76 billion, a P/E ratio of 149.13, a PEG ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75. The business’s 50 day simple moving average is $114.34 and its two-hundred day simple moving average is $134.48.

Analyst Ratings Changes

ARM has been the subject of a number of recent research reports. Jefferies Financial Group upped their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Loop Capital raised their price objective on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Bank of America reduced their target price on shares of ARM from $180.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Citigroup raised their price target on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley reduced 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.70.

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.