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

ARM (NASDAQ:ARM) had its price objective increased by Rosenblatt Securities from $180.00 to $225.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 38.45% from the company’s previous close.

Several other brokerages also recently commented on ARM. Barclays raised their price target on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research note on Thursday, October 31st. Wells Fargo & Company upped their target price on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. TD Cowen lifted their price target on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on shares of ARM in a research report on Monday, November 25th. They issued 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 given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.17.

ARM Stock Performance

Shares of ARM opened at $162.51 on Thursday. ARM has a 52-week low of $85.61 and a 52-week high of $188.75. The stock’s 50-day simple moving average is $144.13 and its 200 day simple moving average is $140.00. The stock has a market capitalization of $170.28 billion, a price-to-earnings ratio of 270.85, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56.

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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, research analysts forecast that ARM will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of ARM

A number of institutional investors have recently made changes to their positions in the stock. ORG Partners LLC purchased a new position in ARM during the 3rd quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC increased its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares during the period. Quantbot Technologies LP bought a new position in shares of ARM during the third quarter valued at approximately $52,000. Berbice Capital Management LLC purchased a new stake in ARM in the fourth quarter worth $49,000. Finally, Farther Finance Advisors LLC boosted its holdings in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other 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.