Loop Capital Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price objective lifted by Loop Capital from $180.00 to $195.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on ARM. The Goldman Sachs Group increased their target price on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. TD Cowen lifted their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays boosted their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Stock Performance

Shares of ARM stock opened at $160.84 on Monday. The stock’s 50-day moving average is $144.69 and its two-hundred day moving average is $139.64. ARM has a 1 year low of $85.61 and a 1 year high of $188.75. The firm has a market cap of $168.53 billion, a price-to-earnings ratio of 211.63, a PEG ratio of 7.83 and a beta of 4.57.

Institutional Trading of ARM

Hedge funds have recently made changes to their positions in the company. Horizon Investments LLC grew its stake in ARM by 204.6% during the 4th quarter. Horizon Investments LLC now owns 12,333 shares of the company’s stock valued at $1,521,000 after purchasing an additional 8,284 shares in the last quarter. Haven Capital Group Inc. purchased a new position in shares of ARM during the 4th quarter valued at approximately $2,397,000. Cibc World Markets Corp increased its stake in shares of ARM by 3.5% in the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock worth $350,000 after buying an additional 96 shares during the last quarter. WealthTrust Asset Management LLC raised its holdings in ARM by 145.4% in the fourth quarter. WealthTrust Asset Management LLC now owns 9,876 shares of the company’s stock valued at $1,218,000 after acquiring an additional 5,852 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in ARM by 40.1% during the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock valued at $111,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other 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.