Brokerages Set Arm Holdings plc (NASDAQ:ARM) Price Target at $162.83

Arm Holdings plc (NASDAQ:ARM) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $162.83.

Several brokerages recently weighed in on ARM. Loop Capital increased their target price on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. The Goldman Sachs Group upped their price target on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Raymond James upped their price target on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th.

ARM Stock Down 4.0 %

ARM stock opened at $144.87 on Thursday. ARM has a 52 week low of $85.61 and a 52 week high of $188.75. The business has a 50-day simple moving average of $147.65 and a 200 day simple moving average of $141.41. The stock has a market cap of $151.80 billion, a price-to-earnings ratio of 190.62, a PEG ratio of 6.60 and a beta of 4.57.

Institutional Trading of ARM

Hedge funds have recently bought and sold shares of the business. GeoWealth Management LLC grew its stake in shares of ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after buying an additional 92 shares during the period. Colonial Trust Co SC purchased a new position in shares of ARM during the 4th quarter worth approximately $40,000. Berbice Capital Management LLC purchased a new position in shares of ARM during the 4th quarter worth approximately $49,000. Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter worth approximately $52,000. Finally, Farther Finance Advisors LLC boosted its position in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. 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.