ARM Sees Unusually Large Options Volume (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) saw unusually large options trading activity on Thursday. Investors acquired 95,165 call options on the stock. This is an increase of 42% compared to the average daily volume of 66,997 call options.

Analysts Set New Price Targets

Several analysts recently weighed in on ARM shares. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. Evercore ISI boosted their price target on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. TD Cowen raised their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price objective for the company. Finally, Barclays increased their target price on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $150.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARM. B. Riley Wealth Advisors Inc. lifted its position in ARM by 7.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company’s stock worth $683,000 after acquiring an additional 337 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in ARM during the 3rd quarter valued at approximately $419,000. Virtu Financial LLC acquired a new stake in ARM in the 3rd quarter valued at approximately $1,163,000. Finally, Hobbs Group Advisors LLC increased its position in ARM by 7.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after buying an additional 100 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of ARM opened at $151.91 on Friday. The firm has a market cap of $159.18 billion, a PE ratio of 253.19, a PEG ratio of 7.15 and a beta of 4.67. ARM has a twelve month low of $65.11 and a twelve month high of $188.75. The firm’s 50 day moving average price is $142.98 and its 200 day moving average price is $143.32.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the prior year, the company posted $0.36 earnings per share. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that ARM will post 0.79 earnings per share for the current fiscal year.

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.