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

Arm Holdings plc (NASDAQ:ARM) has been given a consensus rating of “Moderate Buy” by the twenty-seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $150.32.

A number of equities research analysts have recently commented on ARM shares. Raymond James assumed coverage on ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price on the stock. William Blair began coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Wells Fargo & Company initiated coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price for the company. Sanford C. Bernstein cut 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. Finally, Loop Capital boosted their price objective on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. boosted its holdings in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares in the last quarter. Finally, Mark Asset Management LP raised its holdings in ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares during the period. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of NASDAQ ARM opened at $141.08 on Wednesday. ARM has a 1 year low of $66.52 and a 1 year high of $188.75. The firm has a 50-day moving average of $137.80 and a 200 day moving average of $142.28. The stock has a market cap of $147.83 billion, a P/E ratio of 235.14, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 net margin of 18.13% and a return on equity of 13.69%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. Research analysts expect that ARM will post 0.79 earnings per share for the current fiscal year.

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.