ARM (NASDAQ:ARM) Trading Up 2.8%

Shares of Arm Holdings plc (NASDAQ:ARMGet Free Report) were up 2.8% on Friday . The company traded as high as 167.69 and last traded at 162.50. Approximately 10,391,272 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 13,190,099 shares. The stock had previously closed at 158.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARM shares. KeyCorp upped their price objective on ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Sanford C. Bernstein boosted their price target on shares of ARM from $72.00 to $92.00 and gave the company an “underperform” rating in a report on Thursday, May 16th. BNP Paribas lowered shares of ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Friday, April 19th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, May 9th. Finally, Daiwa Capital Markets downgraded ARM from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $63.00 to $130.00 in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of 94.88.

View Our Latest Research Report on ARM

ARM Trading Down 1.0 %

The business has a 50-day moving average of 116.57 and a two-hundred day moving average of 103.31.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported 0.36 earnings per share for the quarter, topping the consensus estimate of 0.30 by 0.06. ARM had a net margin of 9.46% and a return on equity of 16.94%. The company had revenue of 928.00 million for the quarter, compared to analysts’ expectations of 865.94 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. ARM’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, analysts forecast that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of ARM

A number of large investors have recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC bought a new stake in ARM in the first quarter valued at $25,000. Ancora Advisors LLC acquired a new stake in ARM in the 3rd quarter valued at $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of ARM during the first quarter valued at approximately $35,000. Bamco Inc. NY purchased a new position in shares of ARM during the third quarter valued at approximately $37,000. Finally, Naples Money Management LLC boosted its position in shares of ARM by 47.8% during the first quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after buying an additional 110 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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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