Handelsbanken Fonder AB Acquires Stake in Arm Holdings plc

In a recent filing with the Securities and Exchange Commission (SEC), Handelsbanken Fonder AB announced that it has acquired a new position in Arm Holdings plc (NASDAQ:ARM). This investment was made during the fourth quarter of the financial year. The institutional investor purchased a total of 90,702 shares of Arm Holdings stock, which is valued at approximately $11,189,000.

Increasing Interest from Other Investors

Handelsbanken is not alone in its interest in Arm Holdings. Several other significant investors have also recently made moves to buy and sell shares of the company. For instance, Quantbot Technologies LP invested in Arm during the third quarter, acquiring a stake valued at around $52,000. Additionally, Berbice Capital Management LLC made a new purchase during the fourth quarter, valued at $49,000. Another notable investor, Farther Finance Advisors LLC, increased its stake in Arm by 45.8% during the third quarter, bringing its total holdings to 417 shares worth $60,000 after adding 131 shares in the last quarter. Likewise, Valley National Advisers Inc. expanded its investment by 71.7% in the third quarter to own 541 shares of Arm, now valued at $77,000 after acquiring an extra 226 shares during the last quarter. Finally, MCF Advisors LLC also purchased a new position in shares of Arm in the fourth quarter, amounting to $83,000. Hedge funds and other institutional investors collectively hold approximately 7.53% of Arm's stock.

Current Stock Performance

As of Friday, NASDAQ:ARM stock opened at $144.87. The company boasts a market capitalization of $151.80 billion. Its price-to-earnings (P/E) ratio stands at 190.62, with a price/earnings growth (P/E/G) ratio of 6.60, and a beta of 4.57. Over the last two months, the stock has averaged $147.65 and $141.41 over a two-hundred day moving average. Arm Holdings has experienced a fifty-two week low of $85.61 and a high of $188.75.

Changes in Analyst Ratings

Recent weeks have seen several research analysts weigh in on Arm Holdings stock. The Goldman Sachs Group raised its price target for ARM shares from $159.00 to $174.00 and assigned a "buy" rating on February 6th. Similarly, Jefferies Financial Group boosted its price target from $170.00 to $195.00, also giving ARM a “buy” rating. Additionally, Rosenblatt Securities increased their price target from $180.00 to $225.00, maintaining a “buy” rating. Evercore ISI also lifted their price objective from $176.00 to $202.00, categorizing the stock as “outperform.” Furthermore, Raymond James adjusted their price target from $160.00 to $175.00 with an “outperform” rating. In total, two analysts have rated the stock as a sell, six have a hold rating, nineteen have issued buy ratings, and one analyst has given it a strong buy. Presently, according to data from MarketBeat, Arm has a consensus rating of "Moderate Buy" with an average price target of $162.83.

About Arm Holdings

Arm Holdings plc specializes in the licensing, marketing, and development of microprocessors, systems IP, graphics processing units, and physical IP, among other technological innovations. The company operates across various geographical segments including the United Kingdom, United States, and other regions.

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