David J Yvars Group Buys 2,243 Shares of Arm Holdings plc (NASDAQ:ARM)

David J Yvars Group increased its stake in Arm Holdings plc (NASDAQ:ARM) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,252 shares of the company’s stock after acquiring an additional 2,243 shares during the quarter. ARM comprises approximately 2.6% of David J Yvars Group’s investment portfolio, making the stock its 10th biggest position. David J Yvars Group’s holdings in ARM were worth $4,183,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. KP Management LLC boosted its stake in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after acquiring an additional 10,000 shares during the last quarter. Willner & Heller LLC boosted its stake in ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of ARM by 393.0% during the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after buying an additional 20,117 shares in the last quarter. United Advisor Group LLC acquired a new stake in shares of ARM in the third quarter valued at about $545,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in shares of ARM by 156.3% in the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock worth $3,011,000 after buying an additional 11,220 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARM has been the subject of several research reports. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Raymond James assumed coverage on ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective on the stock. HSBC lowered ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Morgan Stanley raised ARM from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $107.00 to $190.00 in a research note on Friday, July 19th. Finally, Evercore ISI boosted their price target on shares of ARM from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

ARM Price Performance

NASDAQ:ARM opened at $144.68 on Thursday. The firm has a market capitalization of $151.60 billion, a PE ratio of 370.98, a price-to-earnings-growth ratio of 6.45 and a beta of 5.40. The business’s fifty day moving average price is $141.27 and its 200 day moving average price is $137.49. Arm Holdings plc has a 12 month low of $49.82 and a 12 month high of $188.75.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.