Cantor Fitzgerald L. P. boosted its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 51.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,958 shares of the company’s stock after purchasing an additional 26,022 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in ARM were worth $10,889,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Compound Planning Inc. boosted its holdings in shares of ARM by 4.6% in the 3rd quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after purchasing an additional 69 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of ARM by 3.0% during the 3rd quarter. Ritholtz Wealth Management now owns 2,439 shares of the company’s stock worth $345,000 after buying an additional 70 shares during the last quarter. Rathbones Group PLC increased its holdings in shares of ARM by 0.7% during the 3rd quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock worth $1,493,000 after buying an additional 70 shares during the last quarter. Nwam LLC raised its position in shares of ARM by 4.3% in the 3rd quarter. Nwam LLC now owns 1,711 shares of the company’s stock worth $242,000 after buying an additional 71 shares during the period. Finally, Kovack Advisors Inc. raised its position in shares of ARM by 2.0% in the 3rd quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock worth $510,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.
ARM Trading Up 0.5%
Shares of NASDAQ ARM opened at $115.75 on Friday. The stock has a fifty day moving average price of $117.27 and a 200 day moving average price of $134.37. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $183.16. The company has a market cap of $122.29 billion, a P/E ratio of 154.33, a P/E/G ratio of 7.99 and a beta of 4.11.
Analyst Ratings Changes
ARM has been the subject of a number of research reports. Morgan Stanley lowered their price target on ARM from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Wells Fargo & Company cut their price objective on ARM from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Mizuho reduced their price objective on ARM from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Royal Bank Of Canada decreased their target price on ARM from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, Jefferies Financial Group set a $170.00 price target on shares of ARM in a report on Thursday, February 5th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.81.
Read Our Latest Analysis on ARM
About ARM
Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.
Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.
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