ARM (NASDAQ:ARM) Shares Down 5.2% – What’s Next?

Arm Holdings plc (NASDAQ:ARM)’s stock price dropped 5.2% during trading on Monday . The stock traded as low as $123.26 and last traded at $125.30. Approximately 4,554,383 shares changed hands during trading, a decline of 55% from the average daily volume of 10,180,630 shares. The stock had previously closed at $132.15.

Wall Street Analysts Forecast Growth

ARM has been the subject of several analyst reports. Loop Capital raised their price objective 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. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Raymond James began coverage on ARM in a research report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, William Blair began coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Up 3.9 %

The stock has a market capitalization of $138.09 billion, a P/E ratio of 219.65, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The company has a 50-day moving average price of $140.99 and a 200 day moving average price of $143.91.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 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 business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently bought and sold shares of ARM. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. grew its stake in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares in the last quarter. Franklin Resources Inc. raised its stake in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the last quarter. Finally, Marsico Capital Management LLC acquired a new stake in ARM in the second quarter worth about $33,207,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.