ARM (NASDAQ:ARM) Shares Down 3.8%

Arm Holdings plc (NASDAQ:ARM) fell 3.8% during mid-day trading on Monday . The stock traded as low as $140.54 and last traded at $141.75. 465,782 shares traded hands during trading, a decline of 96% from the average session volume of 11,996,691 shares. The stock had previously closed at $147.37.

Analyst Upgrades and Downgrades

ARM has been the topic of several research analyst reports. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Sanford C. Bernstein upgraded ARM from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $92.00 to $100.00 in a report on Wednesday, August 7th. Loop Capital increased their price objective on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of ARM in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.04.

ARM Trading Up 1.1 %

The stock has a market cap of $144.98 billion and a P/E ratio of 148.06. The business’s fifty day simple moving average is $138.02 and its 200 day simple moving average is $132.76.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. On average, analysts predict that Arm Holdings plc will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARM. Schroder Investment Management Group acquired a new position in ARM during the fourth quarter valued at approximately $480,194,000. Wellington Management Group LLP increased its position in shares of ARM by 56.4% in the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after buying an additional 1,611,926 shares in the last quarter. Robeco Schweiz AG raised its stake in ARM by 220.3% during the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after buying an additional 1,465,000 shares during the period. Mubadala Investment Co PJSC bought a new position in ARM during the fourth quarter worth about $150,437,000. Finally, Capstone Investment Advisors LLC grew its stake in ARM by 362.6% in the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock valued at $67,781,000 after acquiring an additional 707,000 shares during the period. 7.53% of the stock is currently owned by institutional investors.

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.