ARM (NASDAQ:ARM) Stock Price Expected to Rise, Barclays Analyst Says

ARM (NASDAQ:ARM) had its price target increased by analysts at Barclays from $145.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 3.85% from the company’s current price.

A number of other research analysts also recently issued reports on ARM. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, November 7th. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Evercore ISI raised their price objective on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $151.09.

ARM Stock Performance

Shares of ARM stock opened at $149.26 on Friday. ARM has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The firm has a market capitalization of $156.40 billion, a PE ratio of 248.77, a P/E/G ratio of 6.57 and a beta of 4.53. The stock’s 50-day simple moving average is $137.37 and its 200-day simple moving average is $141.39.

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 the consensus estimate of $0.26 by $0.04. The company 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%. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Sell-side analysts forecast that ARM will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its holdings in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after purchasing an additional 100 shares during the last quarter. Hobbs Group Advisors LLC lifted its position in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after buying an additional 100 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after buying an additional 102 shares in the last quarter. Finally, Crescent Sterling Ltd. raised its stake in ARM by 6.5% during the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock worth $232,000 after acquiring an additional 114 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.