Arm Holdings plc (NASDAQ:ARM) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of research firms have issued reports on ARM. Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays lifted their price target on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective on the stock. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $154.36 on Thursday. The firm has a market capitalization of $161.74 billion, a P/E ratio of 203.11, a P/E/G ratio of 6.98 and a beta of 4.57. The stock has a 50 day moving average price of $147.73 and a 200-day moving average price of $140.91. ARM has a 52-week low of $85.61 and a 52-week high of $188.75.

Institutional Trading of ARM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its stake in shares of ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new stake in ARM in the fourth quarter worth about $40,000. Berbice Capital Management LLC bought a new position in shares of ARM in the fourth quarter worth about $49,000. Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter valued at about $52,000. Finally, Farther Finance Advisors LLC grew its stake 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 acquiring an additional 131 shares during the period. 7.53% of the stock is 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.