Henry James International Management Inc. Acquires Shares of 2,638 Arm Holdings plc (NASDAQ:ARM)

Henry James International Management Inc. bought a new stake in Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,638 shares of the company’s stock, valued at approximately $325,000.

Several other large investors have also made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in ARM in the fourth quarter valued at about $49,000. Quantbot Technologies LP acquired a new position in shares of ARM in the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC grew its position in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares during the last quarter. Valley National Advisers Inc. increased its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in ARM in the 4th quarter valued at $83,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ ARM opened at $131.69 on Friday. The firm has a 50 day moving average price of $147.44 and a 200 day moving average price of $141.95. The stock has a market cap of $137.99 billion, a P/E ratio of 173.28, a P/E/G ratio of 6.33 and a beta of 4.56. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Rosenblatt Securities increased their target price on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup increased their price objective on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. UBS Group assumed coverage on shares of ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Company 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.