TD Cowen Has Lowered Expectations for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price target lowered by TD Cowen from $200.00 to $155.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 33.77% from the company’s previous close.

A number of other equities analysts have also commented on the company. Barclays lowered their price objective on ARM from $155.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Raymond James raised their price target on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Cfra Research raised shares of ARM to a “hold” rating in a research report on Friday, March 21st. Jefferies Financial Group raised their target price on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on shares of ARM from $185.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

ARM Trading Down 0.6 %

Shares of NASDAQ ARM opened at $115.87 on Thursday. The firm has a market cap of $121.41 billion, a P/E ratio of 152.46, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The business’s 50 day moving average is $110.45 and its 200-day moving average is $132.16. ARM has a 1-year low of $80.00 and a 1-year 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 the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s revenue was up 33.7% on a year-over-year basis. Analysts forecast that ARM will post 0.9 EPS for the current year.

Institutional Trading of ARM

Several institutional investors have recently added to or reduced their stakes in ARM. GAMMA Investing LLC bought a new stake in shares of ARM in the 4th quarter valued at $181,000. Diversified Trust Co bought a new stake in ARM during the fourth quarter valued at $301,000. Watts Gwilliam & Co. LLC grew its holdings in ARM by 15.5% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 8,109 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,088 shares during the period. Crescent Sterling Ltd. raised its position in shares of ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock worth $232,000 after acquiring an additional 114 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in shares of ARM by 7.5% in 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. 7.53% of the stock is currently owned by 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.