Arm Holdings plc (NASDAQ:ARM) Receives $150.32 Consensus Target Price from Brokerages

Shares of Arm Holdings plc (NASDAQ:ARM) have earned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $150.32.

ARM has been the subject of a number of research reports. Loop Capital lifted their price objective on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of ARM in a research report on Friday, November 22nd. They set an “overweight” rating and a $155.00 price objective for the company. Raymond James assumed coverage on shares of ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

ARM Stock Down 0.9 %

NASDAQ ARM opened at $139.64 on Friday. The firm has a market cap of $146.32 billion, a PE ratio of 234.82, a price-to-earnings-growth ratio of 7.03 and a beta of 4.71. The company has a 50 day moving average price of $142.48 and a 200 day moving average price of $142.67. ARM has a 52 week low of $62.75 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts anticipate that ARM will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARM. Franklin Resources Inc. lifted its holdings in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. increased its position in shares of ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after acquiring an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares during the last quarter. Finally, Mark Asset Management LP increased its position in shares of ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

About ARM

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.