Recent Investment Analysts’ Ratings Changes for ARM (ARM)

A number of firms have modified their ratings and price targets on shares of ARM (NASDAQ: ARM) recently:

• 9/18/2024 – ARM is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
• 9/16/2024 – ARM was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 9/16/2024 – ARM is now covered by analysts at Benchmark Co.. They set a “hold” rating on the stock.
• 9/13/2024 – ARM is now covered by analysts at Raymond James. They set an “outperform” rating and a $160.00 price target on the stock.
• 8/8/2024 – ARM was upgraded by analysts at Daiwa America from a “hold” rating to a “strong-buy” rating.
• 8/8/2024 – ARM was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating. They now have a $130.00 price target on the stock.
• 8/7/2024 – ARM was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating. They now have a $100.00 price target on the stock, up previously from $92.00.
• 8/6/2024 – ARM had its price target raised by analysts at Loop Capital from $120.00 to $130.00. They now have a “buy” rating on the stock.
• 8/1/2024 – ARM had its price target raised by analysts at Barclays PLC from $105.00 to $125.00. They now have an “overweight” rating on the stock.
• 8/1/2024 – ARM had its price target raised by analysts at Evercore ISI from $145.00 to $173.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – ARM had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $82.00 to $105.00. They now have a “hold” rating on the stock.
• 8/1/2024 – ARM had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 8/1/2024 – ARM had its price target raised by analysts at Citigroup Inc. from $150.00 to $170.00. They now have a “buy” rating on the stock.
• 8/1/2024 – ARM had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $180.00 price target on the stock.
• 8/1/2024 – ARM had its price target raised by analysts at TD Cowen from $125.00 to $150.00. They now have a “buy” rating on the stock.
• 7/29/2024 – ARM was downgraded by analysts at HSBC Holdings plc from a “hold” rating to a “reduce” rating.
• 7/29/2024 – ARM was upgraded by analysts at Hsbc Global Res to a “moderate sell” rating.

ARM Stock Performance

ARM traded up $1.28 on Thursday, reaching $147.71. The company had a trading volume of 5,524,371 shares, compared to its average volume of 11,787,957. Arm Holdings plc has a 52-week low of $46.50 and a 52-week high of $188.75. The company has a market cap of $154.77 billion and a price-to-earnings ratio of 150.77. The business has a 50 day simple moving average of $133.83 and a 200 day simple moving average of $133.00.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was up 39.1% on a year-over-year basis. As a group, equities research analysts predict that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On ARM

Several hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC bought a new stake in ARM during the first quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of ARM during the 2nd quarter worth approximately $33,000. RiverPark Advisors LLC increased its position in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of ARM during the 2nd quarter valued at about $41,000. Finally, SOA Wealth Advisors LLC. purchased a new position in ARM in the first quarter worth about $35,000. 7.53% of the stock is owned by institutional investors.

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.