ARM (NASDAQ:ARM) Stock Price Down 3.2% – What’s Next?

Arm Holdings plc (NASDAQ:ARM) shares were down 3.2% on Monday . The company traded as low as $156.12 and last traded at $159.54. Approximately 6,068,253 shares changed hands during trading, a decline of 18% from the average daily volume of 7,368,904 shares. The stock had previously closed at $164.83.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Raymond James increased 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. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. increased their price target on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Mizuho lifted their price objective on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Stock Down 3.7 %

The business has a 50-day moving average price of $147.51 and a two-hundred day moving average price of $140.82. The company has a market capitalization of $161.74 billion, a price-to-earnings ratio of 203.11, a price-to-earnings-growth ratio of 6.98 and a beta of 4.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARM. Modus Advisors LLC boosted its stake in ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the last quarter. KP Management LLC lifted its holdings in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after purchasing an additional 10,000 shares in the last quarter. XTX Topco Ltd boosted its position in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after buying an additional 3,893 shares during the last quarter. Avalon Global Asset Management LLC bought a new stake in ARM during the third quarter worth $8,581,000. Finally, Charles Schwab Investment Management Inc. raised its position in ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after buying an additional 8,707 shares during 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.