ARM (NASDAQ:ARM) Trading 1.9% Higher – Still a Buy?

Shares of Arm Holdings plc (NASDAQ:ARM) traded up 1.9% on Tuesday . The company traded as high as $131.32 and last traded at $131.07. 1,066,155 shares were traded during trading, a decline of 90% from the average session volume of 10,738,377 shares. The stock had previously closed at $128.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded ARM to a “moderate sell” rating in a research report on Monday, July 29th. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Susquehanna increased their target price on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Finally, Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Two 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 company’s stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.95.

ARM Trading Up 3.6 %

The firm has a fifty day simple moving average of $143.67 and a 200 day simple moving average of $140.07. The stock has a market cap of $139.71 billion, a price-to-earnings ratio of 218.45, a PEG ratio of 6.43 and a beta of 5.40.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KP Management LLC increased its holdings in shares of ARM by 28.6% during the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares in the last quarter. Willner & Heller LLC raised its position in ARM by 193.7% in the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares during the last quarter. Lazard Asset Management LLC boosted its stake in ARM by 393.0% in the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after purchasing an additional 20,117 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of ARM during the third quarter worth $545,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in shares of ARM by 156.3% during the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock worth $3,011,000 after purchasing an additional 11,220 shares during the last quarter. 7.53% of the stock is owned by 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.