ARM (NASDAQ:ARM) Shares Down 5.2% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s share price dropped 5.2% on Monday . The stock traded as low as $123.26 and last traded at $125.30. Approximately 4,554,383 shares were traded during trading, a decline of 55% from the average daily volume of 10,180,630 shares. The stock had previously closed at $132.15.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARM shares. Loop Capital upped their price objective on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays upped their price target on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. TD Cowen increased their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.32.

ARM Trading Up 3.9 %

The firm has a market cap of $138.09 billion, a P/E ratio of 219.65, a P/E/G ratio of 7.15 and a beta of 4.67. The stock has a 50 day simple moving average of $140.99 and a 200-day simple moving average of $143.91.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.