Stifel Financial Corp Has $5.47 Million Position in Arm Holdings plc (NASDAQ:ARM)

Stifel Financial Corp boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,315 shares of the company’s stock after acquiring an additional 3,145 shares during the period. Stifel Financial Corp’s holdings in ARM were worth $5,467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ARM. Morse Asset Management Inc bought a new stake in ARM in the third quarter valued at about $212,000. Virtu Financial LLC acquired a new position in shares of ARM during the 3rd quarter worth about $1,163,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ARM in the 3rd quarter valued at about $419,000. Franklin Resources Inc. raised its position in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in ARM by 7.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company’s stock worth $683,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $111.65 on Wednesday. The stock has a market cap of $116.99 billion, a P/E ratio of 146.91, a P/E/G ratio of 6.33 and a beta of 4.48. The company has a fifty day moving average price of $112.71 and a two-hundred day moving average price of $133.94. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75.

Wall Street Analyst Weigh In

ARM has been the topic of several analyst reports. Mizuho increased their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group lifted their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. KGI Securities began coverage on ARM in a report on Tuesday, April 15th. They issued a “neutral” rating for the company. The Goldman Sachs Group lifted their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $163.20.

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.