ARM’s (ARM) “Hold” Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of ARM (NASDAQ:ARM) in a report published on Thursday morning,Benzinga reports.

Several other brokerages also recently commented on ARM. Jefferies Financial Group increased their price objective on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen cut their price target on shares of ARM from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group upped their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. UBS Group reduced their target price on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Cfra Research raised ARM to a “hold” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

ARM Stock Down 0.6 %

NASDAQ:ARM opened at $115.87 on Thursday. The firm has a market capitalization of $121.41 billion, a P/E ratio of 152.46, a P/E/G ratio of 6.33 and a beta of 4.39. The company has a fifty day moving average of $110.45 and a 200 day moving average of $132.09. ARM has a 52 week low of $80.00 and a 52 week high of $188.75.

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

Institutional Trading of ARM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TFC Financial Management Inc. increased its stake in ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after buying an additional 165 shares during the period. GeoWealth Management LLC increased its position in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after acquiring an additional 92 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of ARM in the first quarter valued at $34,000. Colonial Trust Co SC purchased a new position in ARM in the fourth quarter valued at $40,000. Finally, Berbice Capital Management LLC acquired a new position in ARM during the 4th quarter worth $49,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

About ARM

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.