Loop Capital Increases ARM (NASDAQ:ARM) Price Target to $180.00

ARM (NASDAQ:ARM) had its price target hoisted by Loop Capital from $130.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

ARM has been the topic of several other reports. TD Cowen lifted their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark assumed coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Citigroup boosted their price target on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.95.

ARM Stock Up 0.9 %

ARM stock opened at $136.35 on Monday. The firm has a fifty day simple moving average of $143.11 and a two-hundred day simple moving average of $139.12. ARM has a twelve month low of $53.47 and a twelve month high of $188.75. The company has a market capitalization of $142.87 billion, a PE ratio of 228.02, a P/E/G ratio of 6.39 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the previous year, the company posted $0.36 EPS. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts expect that ARM will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of ARM

Several institutional investors have recently added to or reduced their stakes in ARM. Paloma Partners Management Co bought a new position in shares of ARM during the third quarter valued at $3,618,000. Erste Asset Management GmbH bought a new position in ARM during the 3rd quarter valued at about $11,646,000. Captrust Financial Advisors boosted its holdings in shares of ARM by 33.7% during the 3rd quarter. Captrust Financial Advisors now owns 3,817 shares of the company’s stock valued at $546,000 after acquiring an additional 963 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of ARM in the third quarter worth approximately $2,768,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of ARM by 18.4% during the third quarter. Rockefeller Capital Management L.P. now owns 15,354 shares of the company’s stock valued at $2,196,000 after purchasing an additional 2,386 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

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.