Morgan Stanley Reduces $1M in Arm Holdings plc ($ARM)
Key Points
- Morgan Stanley changed its Arm Holdings plc ($ARM) stake by 30.7% last quarter, cutting to 6,057 shares worth $2.28 million.
- Wall Street's consensus rating on $ARM is Buy and an average price target of $257.30.
- $ARM last traded around $376.62.
Morgan Stanley reduced its position in Arm Holdings plc ($ARM) by 30.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,057 shares of Arm Holdings plc after selling 2,683 shares during the quarter. Morgan Stanley's holdings in Arm Holdings plc were worth $2.28 million as of its most recent filing.
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About Arm Holdings plc
Arm Holdings plc researches, develops, licenses, and markets central processing unit (CPU) intellectual property (IP), graphics processing unit IP, systems IP, compute subsystems (CSS), and associated software, tools and related services. The company provides a product portfolio, including CPU IP, GPU and neural processing unit (NPU) accelerators, system IP such as interconnects, compute platform products including pre-integrated CSSs, and development tools and software. The company serves semiconductor companies, original equipment manufacturers (OEMs), cloud service providers (CSPs), and organizations developing chips for end markets such as smartphones, consumer electronics, industrial IoT, embedded systems, cloud data centers, networking, automotive, and robotics. It provides its products and services in the United States, China, Japan, Taiwan, Korea, and internationally. The company was founded in 1990 and is based in Cambridge, United Kingdom. Arm Holdings plc operates as a subsidiary of SoftBank Group Corp.
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