Brokerages Set Arm Holdings plc (NASDAQ:ARM) PT at $152.09

Arm Holdings plc (NASDAQ:ARMGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-seven analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $152.09.

A number of research analysts have commented on the stock. Loop Capital raised their price target on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group began coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna lifted their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd.

View Our Latest Stock Report on ARM

Institutional Investors Weigh In On ARM

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in ARM during the 3rd quarter worth about $29,000. Gilliland Jeter Wealth Management LLC lifted its position in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares in the last quarter. Berbice Capital Management LLC bought a new stake in ARM during the 4th quarter worth about $49,000. Quantbot Technologies LP bought a new stake in ARM during the 3rd quarter worth about $52,000. Finally, Farther Finance Advisors LLC lifted its position in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $149.47 on Friday. The company has a market cap of $156.62 billion, a P/E ratio of 249.12, a P/E/G ratio of 8.41 and a beta of 4.53. The stock’s 50-day moving average is $140.34 and its 200-day moving average is $140.23. ARM has a 52-week low of $69.32 and a 52-week high of $188.75.

ARM (NASDAQ:ARMGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping 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 business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period last year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that ARM will post 0.84 EPS for the current year.

ARM Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for ARM (NASDAQ:ARM)

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.