Arm Holdings plc (NASDAQ:ARM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Arm Holdings plc (NASDAQ:ARM) has earned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $147.95.

Several equities analysts have recently commented on ARM shares. Deutsche Bank Aktiengesellschaft upped their price target on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Evercore ISI lifted their price target on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. Finally, Raymond James initiated coverage on shares of ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective for the company.

ARM Stock Down 5.6 %

Shares of ARM opened at $128.73 on Tuesday. ARM has a 52-week low of $53.47 and a 52-week high of $188.75. The stock has a fifty day simple moving average of $143.60 and a two-hundred day simple moving average of $139.55. The company has a market capitalization of $134.89 billion, a PE ratio of 214.55, a price-to-earnings-growth ratio of 6.75 and a beta of 5.40.

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 net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period last year, the business earned $0.36 earnings per share. ARM’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that ARM will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

A number of hedge funds and other institutional investors have recently modified their holdings of ARM. Mark Sheptoff Financial Planning LLC purchased a new position in shares of ARM in the 1st quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in ARM in the second quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in ARM in the third quarter valued at approximately $29,000. RiverPark Advisors LLC raised its holdings in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of ARM during the 2nd quarter worth approximately $41,000. 7.53% of the stock is currently 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.