Morgan Stanley Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price objective reduced by research analysts at Morgan Stanley from $175.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 39.15% from the company’s current price.

Several other analysts have also issued reports on the company. Loop Capital increased their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group upped their price target on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price objective on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Susquehanna lifted their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.41.

ARM Stock Down 4.2 %

NASDAQ:ARM opened at $107.80 on Friday. The stock has a fifty day simple moving average of $140.01 and a 200 day simple moving average of $140.66. The firm has a market capitalization of $112.96 billion, a price-to-earnings ratio of 141.84, a price-to-earnings-growth ratio of 6.33 and a beta of 4.77. ARM has a 1-year low of $85.61 and a 1-year high of $188.75.

Institutional Trading of ARM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tufton Capital Management increased its stake in shares of ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after buying an additional 65 shares during the period. Valley National Advisers Inc. increased its position in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares during the period. Zullo Investment Group Inc. raised its holdings in ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after purchasing an additional 85 shares during the last quarter. GeoWealth Management LLC lifted its position in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Finally, Cibc World Markets Corp boosted its stake in shares of ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock valued at $350,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.