Arm Holdings plc (NASDAQ:ARM) Receives $147.95 Average PT from Analysts

Arm Holdings plc (NASDAQ:ARM) has received an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $147.95.

ARM has been the topic of several recent research reports. Citigroup raised their price target on ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley raised ARM from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $107.00 to $190.00 in a research note on Friday, July 19th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Finally, Barclays lifted their price target on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

ARM Trading Up 0.9 %

Shares of NASDAQ:ARM opened at $136.35 on Tuesday. ARM has a 1-year low of $53.47 and a 1-year high of $188.75. The stock has a market capitalization of $142.87 billion, a P/E ratio of 228.02, a P/E/G ratio of 6.39 and a beta of 5.40. The business has a 50-day moving average price of $143.11 and a two-hundred day moving average price of $139.12.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the company earned $0.36 EPS. ARM’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that ARM will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the last quarter. Sei Investments Co. raised its position in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares during the last quarter. Marsico Capital Management LLC bought a new position in shares of ARM in the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC acquired a new position in shares of ARM during the 2nd quarter worth about $16,611,000. 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.