ARM (NASDAQ:ARM) Price Target Lowered to $150.00 at JPMorgan Chase & Co.

ARM (NASDAQ:ARM) had its price objective lowered by analysts at JPMorgan Chase & Co. from $175.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 29.46% from the stock’s previous close.

Other analysts also recently issued reports about the company. Wells Fargo & Company lowered their price objective on ARM from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group reduced their price objective on shares of ARM from $215.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. KeyCorp decreased their target price on ARM from $195.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday. Cfra Research raised shares of ARM to a “hold” rating in a report on Friday, March 21st. Finally, Barclays lowered their target price on ARM from $155.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

ARM Price Performance

ARM stock opened at $115.87 on Thursday. The company’s 50-day moving average is $110.45 and its 200-day moving average is $132.16. The stock has a market capitalization of $121.41 billion, a PE ratio of 152.46, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. ARM has a 1 year low of $80.00 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. ARM’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, analysts anticipate that ARM will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in ARM in the fourth quarter valued at approximately $181,000. Diversified Trust Co acquired a new stake in shares of ARM in the 4th quarter valued at about $301,000. Watts Gwilliam & Co. LLC raised its position in shares of ARM by 15.5% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 8,109 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,088 shares in the last quarter. Crescent Sterling Ltd. grew its position in shares of ARM by 6.5% during the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock valued at $232,000 after buying an additional 114 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in ARM by 7.5% during the 4th quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the company’s stock valued at $1,004,000 after purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.