Arm Holdings plc (NASDAQ:ARM) Given Consensus Rating of “Hold” by Analysts

Shares of Arm Holdings plc (NASDAQ:ARM) have been assigned an average rating of “Hold” from the twenty-seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and fourteen have issued a buy recommendation on the company.

A number of brokerages have commented on ARM. KeyCorp lifted their price target on ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. New Street Research reissued a “neutral” rating and set a $110.00 target price on shares of ARM in a research note on Tuesday, February 27th. Mizuho boosted their price objective on ARM from $100.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Daiwa Capital Markets lowered shares of ARM from a “buy” rating to a “neutral” rating and upped their target price for the stock from $63.00 to $130.00 in a research note on Friday, February 16th. Finally, TD Cowen upped their target price on shares of ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

ARM Stock Down 2.0 %

Shares of ARM stock opened at 97.93 on Friday. ARM has a 52 week low of 46.50 and a 52 week high of 164.00. The stock has a fifty day moving average of 125.59 and a 200 day moving average of 87.57.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to the consensus estimate of 762.50 million. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that ARM will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hoey Investments Inc. bought a new stake in shares of ARM in the third quarter valued at about $27,000. Centerpoint Advisors LLC bought a new stake in shares of ARM in the 3rd quarter worth approximately $32,000. Ancora Advisors LLC acquired a new stake in shares of ARM during the 3rd quarter worth approximately $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of ARM during the first quarter valued at approximately $35,000. Finally, Bamco Inc. NY acquired a new position in shares of ARM in the third quarter valued at $37,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.