ARM’s (ARM) Hold Rating Reaffirmed at Needham & Company LLC

ARM (NASDAQ:ARM)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports.

A number of other research firms also recently weighed in on ARM. BNP Paribas upgraded ARM from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $210.00 in a research report on Wednesday, July 16th. KeyCorp reiterated an “overweight” rating and set a $190.00 price target (up previously from $175.00) on shares of ARM in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on shares of ARM in a research note on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price target on the stock. UBS Group upped their price objective on shares of ARM from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Morgan Stanley decreased their price objective on shares of ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.55.

ARM Stock Down 0.3%

Shares of ARM stock opened at $160.19 on Thursday. The firm has a market cap of $169.24 billion, a P/E ratio of 242.71, a P/E/G ratio of 10.10 and a beta of 4.11. ARM has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The business has a 50-day moving average price of $154.79 and a 200 day moving average price of $143.97.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. ARM had a return on equity of 15.56% and a net margin of 16.96%.The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.30 earnings per share. ARM’s quarterly revenue was up 34.5% on a year-over-year basis. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities research analysts anticipate that ARM will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On ARM

A number of hedge funds have recently bought and sold shares of ARM. Goldman Sachs Group Inc. boosted its holdings in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after acquiring an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP boosted its holdings in ARM by 116.8% during the second quarter. Sustainable Growth Advisers LP now owns 3,457,220 shares of the company’s stock valued at $559,171,000 after acquiring an additional 1,862,626 shares during the period. Schroder Investment Management Group raised its position in shares of ARM by 41.7% during the second quarter. Schroder Investment Management Group now owns 4,745,957 shares of the company’s stock valued at $767,611,000 after buying an additional 1,396,684 shares during the last quarter. Invesco Ltd. raised its position in shares of ARM by 139.9% during the second quarter. Invesco Ltd. now owns 1,381,906 shares of the company’s stock valued at $223,509,000 after buying an additional 805,886 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in shares of ARM during the third quarter valued at about $90,678,000. 7.53% of the stock is currently owned by institutional investors.

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.