Intellectus Partners LLC Makes New Investment in ARM Holdings PLC Sponsored ADR $ARM

Intellectus Partners LLC acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,580 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently bought and sold shares of ARM. Private Trust Co. NA increased its stake in ARM by 11.0% during the 1st quarter. Private Trust Co. NA now owns 2,011 shares of the company’s stock worth $215,000 after buying an additional 200 shares in the last quarter. Robocap Asset Management Ltd purchased a new stake in ARM during the 1st quarter worth approximately $2,537,000. LBP AM SA increased its stake in ARM by 36.1% during the 1st quarter. LBP AM SA now owns 80,869 shares of the company’s stock worth $8,636,000 after buying an additional 21,469 shares in the last quarter. Banque Pictet & Cie SA purchased a new stake in ARM during the 1st quarter worth approximately $200,000. Finally, Leavell Investment Management Inc. increased its stake in ARM by 17.3% during the 1st quarter. Leavell Investment Management Inc. now owns 5,210 shares of the company’s stock worth $556,000 after buying an additional 770 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARM. UBS Group upped their price target on ARM from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of ARM in a research report on Thursday, July 31st. Finally, TD Cowen upped their price target on ARM from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.80.

ARM Stock Performance

Shares of ARM stock opened at $168.68 on Tuesday. The firm has a market capitalization of $178.21 billion, a price-to-earnings ratio of 255.58, a PEG ratio of 10.67 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The stock has a 50 day moving average of $153.99 and a 200 day moving average of $143.43.

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.