ARM (NASDAQ:ARM) Trading Down 3.3% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s stock price fell 3.3% during trading on Tuesday . The stock traded as low as $140.17 and last traded at $142.51. 2,657,124 shares were traded during trading, a decline of 47% from the average session volume of 5,029,801 shares. The stock had previously closed at $147.41.

Analysts Set New Price Targets

ARM has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 target price for the company. Barclays lifted their price target on shares of ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Raymond James assumed coverage on shares of ARM in a report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Stock Performance

The firm has a market cap of $152.15 billion, a P/E ratio of 242.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. The stock has a fifty day simple moving average of $137.30 and a 200 day simple moving average of $142.09.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. Research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of ARM in the 3rd quarter worth $29,000. Gilliland Jeter Wealth Management LLC increased its position in ARM by 83.0% in the third 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. Alta Advisers Ltd purchased a new stake in ARM in the second quarter worth about $49,000. Quantbot Technologies LP bought a new position in shares of ARM in the third quarter worth about $52,000. Finally, Farther Finance Advisors LLC lifted its position in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

About ARM

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.