Analysts Set Arm Holdings plc (NASDAQ:ARM) Price Target at $162.83

Shares of Arm Holdings plc (NASDAQ:ARM) have received an average rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $162.83.

Several brokerages recently weighed in on ARM. Wells Fargo & Company increased their target price on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup raised their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Loop Capital raised their price objective on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Thursday, October 31st. Finally, Rosenblatt Securities raised their price objective on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

ARM Stock Down 3.0 %

ARM stock opened at $140.53 on Thursday. The stock has a market capitalization of $147.25 billion, a price-to-earnings ratio of 184.91, a price-to-earnings-growth ratio of 6.60 and a beta of 4.57. The stock’s fifty day simple moving average is $147.56 and its 200-day simple moving average is $141.81. ARM has a 52-week low of $85.61 and a 52-week high of $188.75.

Hedge Funds Weigh In On ARM

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARM. Modus Advisors LLC boosted its holdings in ARM by 300.2% in the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after purchasing an additional 13,453 shares in the last quarter. KP Management LLC increased its stake in 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 acquiring an additional 10,000 shares during the period. XTX Topco Ltd increased its stake in ARM by 150.1% in the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after acquiring an additional 3,893 shares during the period. Avalon Global Asset Management LLC bought a new stake in ARM during the third quarter worth about $8,581,000. Finally, Charles Schwab Investment Management Inc. grew its stake in ARM by 89.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock worth $2,640,000 after buying an additional 8,707 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

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.