ARM (NASDAQ:ARM) Lowered to Underperform Rating by Sanford C. Bernstein

Sanford C. Bernstein cut shares of ARM (NASDAQ:ARM) from a market perform rating to an underperform rating in a report issued on Thursday morning, MarketBeat reports. They currently have $100.00 price target on the stock.

Other research analysts also recently issued reports about the company. Citigroup boosted their price objective on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Rosenblatt Securities restated a “buy” rating and set a $180.00 price target on shares of ARM in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, August 1st. TD Cowen upgraded shares of ARM to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Barclays raised their price target on shares of ARM from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target of $138.57.

ARM Stock Up 0.1 %

NASDAQ ARM opened at $141.48 on Thursday. ARM has a twelve month low of $49.82 and a twelve month high of $188.75. The company has a market capitalization of $148.25 billion, a price-to-earnings ratio of 362.78, a PEG ratio of 6.44 and a beta of 5.39. The stock has a fifty day simple moving average of $140.91 and a 200 day simple moving average of $136.88.

Hedge Funds Weigh In On ARM

Several large investors have recently modified their holdings of ARM. KP Management LLC increased its holdings in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after acquiring an additional 10,000 shares during the period. Willner & Heller LLC raised its position in shares of ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after buying an additional 4,484 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of ARM by 393.0% during the 1st quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after acquiring an additional 20,117 shares during the last quarter. Mizuho Securities Co. Ltd. increased its stake in ARM by 156.3% in the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after acquiring an additional 11,220 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in ARM by 42.5% in the third quarter. Vontobel Holding Ltd. now owns 26,102 shares of the company’s stock valued at $3,733,000 after acquiring an additional 7,790 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.