ARM (NASDAQ:ARM) Trading Down 1.4% – Should You Sell?

Arm Holdings plc (NASDAQ:ARM) shares traded down 1.4% on Thursday . The company traded as low as $139.43 and last traded at $140.48. 2,672,633 shares were traded during trading, a decline of 76% from the average session volume of 11,141,301 shares. The stock had previously closed at $142.41.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. William Blair assumed coverage on shares of ARM in a report on Wednesday, September 18th. They set an “outperform” rating on the stock. Raymond James started coverage on shares of ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 target price on the stock. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research report on Monday, July 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

ARM Stock Up 1.9 %

The firm has a market cap of $150.63 billion and a price-to-earnings ratio of 368.60. The stock has a 50 day moving average of $139.19 and a 200 day moving average of $135.80.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. ARM’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, analysts predict that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARM. RiverPark Advisors LLC raised its stake in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after acquiring an additional 77 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after acquiring an additional 77 shares in the last quarter. BOKF NA raised its stake in ARM by 33.3% during the first quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after acquiring an additional 100 shares in the last quarter. Finally, Comerica Bank raised its stake in ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.