Mizuho Securities Co. Ltd. cut its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 90.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 9,970 shares during the period. ARM accounts for 1.0% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 15th largest position. Mizuho Securities Co. Ltd.’s holdings in ARM were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in ARM by 126.0% during the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after buying an additional 97 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of ARM in the third quarter valued at approximately $28,000. Huntington National Bank bought a new position in ARM in the 2nd quarter worth $30,000. FWL Investment Management LLC acquired a new position in shares of ARM during the 2nd quarter worth about $34,000. Finally, Financial Consulate Inc. bought a new stake in shares of ARM in the third quarter valued at approximately $45,000. 7.53% of the stock is owned by institutional investors and hedge funds.
ARM Stock Up 1.3%
Shares of NASDAQ ARM opened at $107.17 on Wednesday. The business’s 50 day moving average price is $123.53 and its two-hundred day moving average price is $141.46. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16. The company has a market cap of $113.23 billion, a PE ratio of 137.40, a price-to-earnings-growth ratio of 6.34 and a beta of 4.34.
Analyst Upgrades and Downgrades
ARM has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday, November 6th. UBS Group decreased their price target on ARM from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. KeyCorp boosted their target price on shares of ARM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Loop Capital raised their price target on ARM from $155.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Finally, Bank of America reaffirmed a “neutral” rating and set a $120.00 target price on shares of ARM in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $175.50.
Check Out Our Latest Stock Report 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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