Brokerages Set Arm Holdings plc (NASDAQ:ARM) Target Price at $150.32

Shares of Arm Holdings plc (NASDAQ:ARM) have received an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $150.32.

A number of brokerages have weighed in on ARM. The Goldman Sachs Group raised their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital boosted their price objective on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. William Blair initiated coverage on ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Evercore ISI boosted their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark assumed coverage on shares of ARM in a report on Monday, September 16th. They issued a “hold” rating for the company.

ARM Stock Performance

ARM opened at $141.08 on Wednesday. ARM has a 52-week low of $66.52 and a 52-week high of $188.75. The firm has a market cap of $147.83 billion, a P/E ratio of 235.14, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The business’s fifty day moving average is $137.85 and its 200-day moving average is $142.85.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, research analysts predict that ARM will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of ARM

Hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC bought a new stake in ARM during the 3rd quarter worth approximately $29,000. Gilliland Jeter Wealth Management LLC grew its holdings in ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares in the last quarter. Larson Financial Group LLC purchased a new stake in ARM in the 2nd quarter valued at $47,000. Alta Advisers Ltd purchased a new stake in ARM in the 2nd quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new position in ARM during the 3rd quarter valued at $52,000. 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.