ARM (NASDAQ:ARM) Trading Down 0.1%

Arm Holdings plc (NASDAQ:ARM)’s stock price was down 0.1% during trading on Friday . The stock traded as low as 165.44 and last traded at 166.70. Approximately 2,655,009 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 13,323,117 shares. The stock had previously closed at 166.94.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Susquehanna restated a “neutral” rating and issued a $85.00 target price on shares of ARM in a research note on Thursday, April 4th. KeyCorp lifted their price target on ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Sanford C. Bernstein upped their price objective on shares of ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a research report on Thursday, May 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $180.00 target price on shares of ARM in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of 103.68.

ARM Trading Down 2.0 %

The business has a 50-day simple moving average of 126.31 and a 200 day simple moving average of 110.97.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, topping analysts’ consensus estimates of 0.30 by 0.06. ARM had a return on equity of 16.94% and a net margin of 9.46%. The company had revenue of 928.00 million during the quarter, compared to analyst estimates of 865.94 million. During the same quarter last year, the firm posted $0.02 earnings per share. The firm’s revenue was up 46.6% on a year-over-year basis. On average, equities research analysts forecast that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in ARM in the fourth quarter worth $480,194,000. Wellington Management Group LLP bought a new position in shares of ARM in the 3rd quarter worth about $152,896,000. Mubadala Investment Co PJSC purchased a new position in ARM during the 4th quarter valued at about $150,437,000. Robeco Schweiz AG boosted its stake in ARM by 220.3% during the fourth quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after acquiring an additional 1,465,000 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in ARM in the third quarter worth about $54,800,000. Hedge funds and other 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.