ARM (NASDAQ:ARM) Coverage Initiated by Analysts at Raymond James Financial

Raymond James Financial assumed coverage on shares of ARM (NASDAQ:ARM) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage issued a hold rating on the stock.

A number of other analysts have also recently commented on the stock. Benchmark reiterated a “hold” rating on shares of ARM in a research note on Thursday, November 6th. Morgan Stanley dropped their target price on shares of ARM from $180.00 to $171.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Loop Capital lifted their price target on ARM from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. KeyCorp boosted their price target on ARM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Mizuho upped their price objective on ARM from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $179.80.

ARM Stock Performance

NASDAQ ARM traded down $0.96 during trading hours on Friday, hitting $131.57. 6,163,480 shares of the company traded hands, compared to its average volume of 4,224,185. The business’s 50-day moving average is $155.30 and its 200-day moving average is $146.41. The stock has a market capitalization of $139.01 billion, a price-to-earnings ratio of 168.68, a P/E/G ratio of 7.94 and a beta of 4.11. ARM has a twelve month low of $80.00 and a twelve month high of $183.16.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.03% and a net margin of 18.81%.The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. Analysts predict that ARM will post 0.9 EPS for the current year.

Institutional Investors Weigh In On ARM

Several hedge funds have recently bought and sold shares of ARM. Goldman Sachs Group Inc. grew its position in shares of ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP boosted its stake in ARM by 116.8% in the 2nd quarter. Sustainable Growth Advisers LP now owns 3,457,220 shares of the company’s stock valued at $559,171,000 after purchasing an additional 1,862,626 shares during the period. Capital Research Global Investors acquired a new position in ARM in the 3rd quarter valued at $243,098,000. Hyperion Asset Management Ltd bought a new position in ARM during the 3rd quarter worth $202,980,000. Finally, Schroder Investment Management Group lifted its holdings 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 worth $767,611,000 after buying an additional 1,396,684 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

About ARM

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.