Arm Holdings plc (NASDAQ:ARM) Receives Average Rating of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Arm Holdings plc (NASDAQ:ARM – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-seven brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $150.32.

A number of research analysts have recently weighed in on ARM shares. Susquehanna lifted their price objective on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Wells Fargo & Company assumed coverage on shares of ARM in a research note on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price objective for the company. UBS Group initiated coverage on shares of ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Evercore ISI increased their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Get Our Latest Stock Report on ARM

ARM Trading Down 2.1 %

Shares of NASDAQ ARM opened at $144.38 on Wednesday. ARM has a 12-month low of $66.66 and a 12-month high of $188.75. The firm has a market capitalization of $151.29 billion, a price-to-earnings ratio of 240.64, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. The firm has a 50 day moving average of $137.49 and a 200 day moving average of $142.07.

ARM (NASDAQ:ARM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Sell-side analysts predict that ARM will post 0.79 EPS for the current year.

Hedge Funds Weigh In On ARM

Institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in ARM during the 3rd quarter valued at $29,000. Gilliland Jeter Wealth Management LLC raised its stake in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares during the period. Larson Financial Group LLC bought a new stake in shares of ARM in the 2nd quarter worth about $47,000. Alta Advisers Ltd bought a new stake in shares of ARM in the 2nd quarter worth about $49,000. Finally, Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter worth about $52,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

About ARM

(Get Free Report

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.

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