ARM (NASDAQ:ARM) Price Target Raised to $140.00

ARM (NASDAQ:ARM) had its target price boosted by Susquehanna from $118.00 to $140.00 in a research report report published on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Barclays raised their target price on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research note on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $152.09.

ARM Trading Down 2.4 %

Shares of ARM opened at $162.52 on Wednesday. The company has a market capitalization of $170.29 billion, a price-to-earnings ratio of 270.87, a PEG ratio of 8.41 and a beta of 4.53. The stock has a 50 day moving average of $139.32 and a 200 day moving average of $141.18. ARM has a 12 month low of $69.32 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that ARM will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Several hedge funds have recently added to or reduced their stakes in ARM. Valley National Advisers Inc. raised its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after acquiring an additional 77 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of ARM by 1.1% in the 3rd 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 in the last quarter. Hobbs Group Advisors LLC grew its holdings 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 valued at $208,000 after purchasing an additional 100 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after purchasing an additional 102 shares during the period. 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.