ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has been given a consensus recommendation of “Moderate Buy” by the twenty-six research firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, eighteen have issued 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 ratings on the stock in the last year is $172.80.

ARM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Wednesday, October 8th. BNP Paribas Exane upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Wednesday, July 16th. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of ARM in a report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of ARM in a report on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price target on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of ARM in a report on Thursday, July 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARM. GAMMA Investing LLC lifted its stake in ARM by 126.0% in the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock worth $25,000 after acquiring an additional 97 shares during the period. Brooklyn Investment Group purchased a new stake in ARM in the first quarter worth about $28,000. Grey Fox Wealth Advisors LLC purchased a new stake in ARM in the third quarter worth about $28,000. Huntington National Bank purchased a new stake in ARM in the second quarter worth about $30,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in ARM in the first quarter worth about $34,000. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

NASDAQ ARM opened at $168.68 on Tuesday. ARM has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The company has a market cap of $178.21 billion, a P/E ratio of 255.58, a P/E/G ratio of 10.67 and a beta of 4.11. The business’s 50 day moving average price is $153.99 and its 200-day moving average price is $143.43.

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.