Prakash Investment Advisors LLC Purchases Shares of 4,025 Arm Holdings plc (NASDAQ:ARM)

Prakash Investment Advisors LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,025 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors also recently made changes to their positions in the stock. ING Groep NV grew its stake in shares of ARM by 196.2% during the 4th quarter. ING Groep NV now owns 5,787 shares of the company’s stock valued at $714,000 after buying an additional 3,833 shares during the period. Zullo Investment Group Inc. grew its stake in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock valued at $236,000 after buying an additional 85 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of ARM during the 4th quarter valued at $11,189,000. Corps Capital Advisors LLC purchased a new stake in shares of ARM during the 4th quarter valued at $871,000. Finally, Private Advisor Group LLC grew its stake in shares of ARM by 963.4% during the 4th quarter. Private Advisor Group LLC now owns 8,712 shares of the company’s stock valued at $1,075,000 after buying an additional 9,721 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research report on Thursday, October 31st. UBS Group initiated coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. TD Cowen upped their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Stock Performance

Shares of ARM stock opened at $150.85 on Friday. The firm has a market cap of $158.07 billion, a PE ratio of 198.49, a price-to-earnings-growth ratio of 7.01 and a beta of 4.57. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The firm’s 50-day simple moving average is $147.79 and its 200-day simple moving average is $140.98.

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.