ARM (NASDAQ:ARM) Shares Up 1.6% – What’s Next?

Shares of Arm Holdings plc (NASDAQ:ARM) shot up 1.6% on Monday . The company traded as high as $121.31 and last traded at $119.88. 1,004,979 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 7,640,773 shares. The stock had previously closed at $117.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ARM. Barclays lifted their target price on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

ARM Stock Up 4.4 %

The company has a 50-day simple moving average of $145.26 and a two-hundred day simple moving average of $141.33. The firm has a market cap of $129.04 billion, a PE ratio of 162.02, a PEG ratio of 6.33 and a beta of 4.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. raised its stake in shares of ARM by 77.4% in the fourth quarter. Centaurus Financial Inc. now owns 7,384 shares of the company’s stock valued at $911,000 after buying an additional 3,222 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of ARM by 2.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company’s stock valued at $608,000 after buying an additional 96 shares during the period. Toronto Dominion Bank raised its stake in shares of ARM by 119.1% in the fourth quarter. Toronto Dominion Bank now owns 3,893 shares of the company’s stock valued at $480,000 after buying an additional 2,116 shares during the period. Warm Springs Advisors Inc. bought a new stake in shares of ARM in the fourth quarter valued at $1,851,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of ARM in the fourth quarter valued at $2,995,000. 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.