Arm Holdings plc (NASDAQ:ARM) is David J Yvars Group’s 10th Largest Position

David J Yvars Group grew its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 8.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,252 shares of the company’s stock after purchasing an additional 2,243 shares during the quarter. ARM makes up approximately 2.6% of David J Yvars Group’s investment portfolio, making the stock its 10th largest position. David J Yvars Group’s holdings in ARM were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ARM. Mark Sheptoff Financial Planning LLC bought a new position in ARM in the 1st quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in ARM in the second quarter worth approximately $33,000. ORG Partners LLC purchased a new position in ARM during the 3rd quarter worth $29,000. RiverPark Advisors LLC increased its holdings in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares during the period. Finally, Mather Group LLC. bought a new stake in ARM during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ARM shares. Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Citigroup boosted their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. William Blair began coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James initiated coverage on ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.29.

ARM Stock Performance

Shares of NASDAQ ARM opened at $144.68 on Thursday. The company 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 company’s fifty day moving average price is $141.27 and its 200 day moving average price is $137.49. Arm Holdings plc has a 1 year low of $49.82 and a 1 year high of $188.75.

ARM Company Profile

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.