Arm Holdings plc (NASDAQ:ARM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Arm Holdings plc (NASDAQ:ARM) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $152.09.

ARM has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Loop Capital increased their price target on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their price objective on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company.

ARM Trading Down 2.4 %

Shares of ARM stock opened at $162.52 on Friday. The stock has a 50 day simple moving average of $140.00 and a 200-day simple moving average of $141.03. The company has a market cap of $170.29 billion, a price-to-earnings ratio of 270.87, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. ARM has a 12-month low of $69.32 and a 12-month high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. ARM’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that ARM will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Large investors have recently added to or reduced their stakes in the company. Renaissance Capital LLC boosted its position in ARM by 0.7% in the 4th quarter. Renaissance Capital LLC now owns 105,802 shares of the company’s stock valued at $13,052,000 after buying an additional 690 shares during the last quarter. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% in the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock valued at $30,211,000 after purchasing an additional 56,000 shares during the last quarter. Financial Life Planners acquired a new stake in ARM during the 4th quarter valued at approximately $147,000. Jennison Associates LLC increased its holdings in ARM by 58.1% during the 4th quarter. Jennison Associates LLC now owns 4,535 shares of the company’s stock worth $559,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Chicago Capital LLC raised its position in shares of ARM by 5.9% in the 4th quarter. Chicago Capital LLC now owns 12,304 shares of the company’s stock valued at $1,518,000 after purchasing an additional 685 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

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.