KCM Investment Advisors LLC grew its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 51.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,727 shares of the company’s stock after acquiring an additional 1,612 shares during the quarter. KCM Investment Advisors LLC’s holdings in ARM were worth $765,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Huntington National Bank purchased a new stake in ARM in the second quarter worth approximately $30,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of ARM during the 2nd quarter valued at $39,000. Brooklyn Investment Group bought a new position in shares of ARM during the 1st quarter valued at $28,000. ORG Partners LLC purchased a new position in shares of ARM in the 2nd quarter worth $48,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of ARM in the first quarter worth $34,000. 7.53% of the stock is owned by hedge funds and other institutional investors.
ARM Stock Performance
Shares of ARM stock opened at $152.38 on Friday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The company has a market capitalization of $160.99 billion, a P/E ratio of 195.36, a P/E/G ratio of 9.57 and a beta of 4.11. The company has a fifty day moving average of $155.38 and a 200 day moving average of $144.76.
Wall Street Analysts Forecast Growth
ARM has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of ARM in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of ARM from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday. Finally, Cowen reiterated a “buy” rating on shares of ARM in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.55.
Get Our Latest Stock Analysis on ARM
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.
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