Arm Holdings plc (NASDAQ:ARM) Receives $162.83 Consensus PT from Analysts

Arm Holdings plc (NASDAQ:ARM) has been given a consensus rating of “Moderate Buy” by the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $162.83.

A number of brokerages have recently weighed in on ARM. JPMorgan Chase & Co. raised their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna lifted their price objective on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a report on Thursday, October 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ARM. Tufton Capital Management grew its position in ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock valued at $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. grew its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Zullo Investment Group Inc. grew its position in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock valued at $236,000 after purchasing an additional 85 shares in the last quarter. GeoWealth Management LLC grew its position in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Finally, Cibc World Markets Corp grew its position in ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock valued at $350,000 after purchasing an additional 96 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Down 4.0 %

Shares of ARM stock opened at $144.87 on Thursday. ARM has a 52 week low of $85.61 and a 52 week high of $188.75. The stock has a market capitalization of $151.80 billion, a PE ratio of 190.62, a P/E/G ratio of 6.60 and a beta of 4.57. The firm has a 50 day moving average of $147.65 and a two-hundred day moving average of $141.41.

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.