Benchmark Initiates Coverage on ARM (NASDAQ:ARM)

Stock analysts at Benchmark began coverage on shares of ARM (NASDAQ:ARM) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set a “hold” rating on the stock.

A number of other equities analysts have also weighed in on ARM. Morgan Stanley upgraded ARM from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $107.00 to $190.00 in a research note on Friday, July 19th. Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. HSBC lowered shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Citigroup lifted their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James began coverage on ARM in a research report on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $123.04.

ARM Stock Performance

Shares of NASDAQ ARM opened at $136.84 on Monday. ARM has a fifty-two week low of $46.50 and a fifty-two week high of $188.75. The company has a market cap of $143.39 billion and a price-to-earnings ratio of 148.06. The business’s 50 day moving average price is $138.02 and its 200-day moving average price is $132.76.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. Sell-side analysts predict that ARM will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently bought and sold shares of ARM. Schroder Investment Management Group acquired a new position in ARM in the 4th quarter valued at $480,194,000. Mubadala Investment Co PJSC acquired a new stake in ARM in the fourth quarter valued at approximately $150,437,000. Wellington Management Group LLP lifted its holdings in shares of ARM by 56.4% in the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after purchasing an additional 1,611,926 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of ARM by 220.3% in the fourth quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock valued at $160,059,000 after purchasing an additional 1,465,000 shares in the last quarter. Finally, Capstone Investment Advisors LLC lifted its holdings in ARM by 362.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock worth $67,781,000 after acquiring an additional 707,000 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.