ARM (NASDAQ:ARM) Shares Up 2%

Arm Holdings plc (NASDAQ:ARM) rose 2% during trading on Wednesday . The company traded as high as 166.87 and last traded at 166.77. Approximately 3,274,438 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 13,181,356 shares. The stock had previously closed at 163.46.

Analyst Ratings Changes

ARM has been the subject of a number of research reports. Sanford C. Bernstein lifted their target price on ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, May 16th. Mizuho increased their target price on shares of ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Wells Fargo & Company raised their target price on shares of ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 9th. Finally, Evercore ISI lowered their price objective on ARM from $156.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, ARM currently has a consensus rating of “Hold” and a consensus target price of 103.68.

ARM Stock Performance

The company has a fifty day moving average price of 131.74 and a two-hundred day moving average price of 113.65.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of ARM in the third quarter valued at about $55,000. Hsbc Holdings PLC bought a new position in ARM during the 3rd quarter worth approximately $219,000. Glenmede Trust Co. NA bought a new position in ARM during the 3rd quarter worth approximately $1,037,000. iA Global Asset Management Inc. acquired a new position in shares of ARM in the 3rd quarter worth approximately $401,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of ARM in the 3rd quarter valued at $20,226,000. 7.53% of the stock is owned by institutional investors.

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.