ARM (NASDAQ:ARM) Given New $180.00 Price Target at Bank of America

ARM (NASDAQ:ARM) had its price objective boosted by stock analysts at Bank of America from $150.00 to $180.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock.

A number of other research firms also recently weighed in on ARM. Susquehanna reaffirmed a “neutral” rating and set a $85.00 price target on shares of ARM in a research note on Thursday, April 4th. The Goldman Sachs Group increased their price objective on ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Wells Fargo & Company increased their price objective on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Mizuho increased their price objective on ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Sanford C. Bernstein upped their target price on ARM from $72.00 to $92.00 and gave the company an “underperform” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, ARM presently has a consensus rating of “Hold” and an average target price of 99.48.

ARM Trading Down 0.1 %

NASDAQ ARM opened at 157.89 on Monday. The business’s 50-day moving average price is 117.23 and its two-hundred day moving average price is 104.57. ARM has a 12 month low of 46.50 and a 12 month high of 167.69.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.30 by 0.06. The company had revenue of 928.00 million for the quarter, compared to the consensus estimate of 865.94 million. ARM had a return on equity of 16.94% and a net margin of 9.46%. The firm’s revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. As a group, sell-side analysts anticipate that ARM will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On ARM

A number of large investors have recently added to or reduced their stakes in ARM. BOKF NA boosted its holdings in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the period. Comerica Bank boosted its holdings in ARM by 6.1% in the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after buying an additional 103 shares during the period. Naples Money Management LLC boosted its holdings in ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock worth $42,000 after buying an additional 110 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in ARM by 2.9% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock worth $645,000 after buying an additional 145 shares during the period. Finally, JTC Employer Solutions Trustee Ltd boosted its holdings in ARM by 14.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 1,550 shares of the company’s stock worth $195,000 after buying an additional 200 shares during the period. Institutional investors own 7.53% of the company’s stock.

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.