ARM (NASDAQ:ARM) Coverage Initiated at Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of ARM (NASDAQ:ARM) in a research report issued on Tuesday, Marketbeat reports. The firm set an “outperform” rating and a $156.00 price target on the stock.

Several other brokerages have also recently weighed in on ARM. Rosenblatt Securities upped their price target on ARM from $140.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Barclays upped their price objective on shares of ARM from $65.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Mizuho upped their price objective on shares of ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna restated a “neutral” rating and issued a $85.00 price objective on shares of ARM in a research report on Thursday, April 4th. Finally, TD Cowen upped their price objective on shares of ARM from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of 89.88.

ARM Trading Down 12.0 %

Shares of ARM opened at 107.56 on Tuesday. The business’s 50-day moving average price is 129.18 and its 200-day moving average price is 85.98. ARM has a twelve month low of 46.50 and a twelve month high of 164.00.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to the consensus estimate of 762.50 million. The company’s revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts forecast that ARM will post 0.36 EPS for the current year.

Institutional Trading of ARM

A number of institutional investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new stake in ARM in the first quarter worth $35,000. Armstrong Advisory Group Inc. purchased a new stake in ARM in the third quarter worth $27,000. Hoey Investments Inc. purchased a new stake in ARM in the third quarter worth $27,000. Centerpoint Advisors LLC purchased a new stake in ARM in the third quarter worth $32,000. Finally, Ancora Advisors LLC purchased a new stake in ARM in the third quarter worth $32,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Company Profile

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.