ARM Sees Unusually High Options Volume (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) was the recipient of unusually large options trading on Wednesday. Investors bought 74,067 call options on the company. This represents an increase of 19% compared to the typical volume of 62,071 call options.

Wall Street Analyst Weigh In

ARM has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. Loop Capital lifted their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.09.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC increased its stake in shares of ARM by 35.3% in the fourth quarter. Perigon Wealth Management LLC now owns 9,857 shares of the company’s stock valued at $1,216,000 after buying an additional 2,570 shares during the period. Cherry Creek Investment Advisors Inc. raised its holdings in shares of ARM by 121.2% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 4,840 shares of the company’s stock valued at $597,000 after purchasing an additional 2,652 shares during the period. Pacer Advisors Inc. boosted its holdings in ARM by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 7,532 shares of the company’s stock worth $929,000 after acquiring an additional 362 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of ARM in the 4th quarter worth $471,000. Finally, Blue Trust Inc. lifted its stake in shares of ARM by 13.6% in the fourth quarter. Blue Trust Inc. now owns 1,662 shares of the company’s stock valued at $205,000 after buying an additional 199 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Up 15.9 %

ARM opened at $179.93 on Thursday. The company has a 50-day simple moving average of $137.82 and a 200 day simple moving average of $140.73. ARM has a twelve month low of $69.32 and a twelve month high of $188.75. The stock has a market capitalization of $188.54 billion, a price-to-earnings ratio of 299.89, a P/E/G ratio of 6.97 and a beta of 4.53.

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, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. Sell-side analysts anticipate that ARM will post 0.84 EPS for the current fiscal year.

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.