ARM (NASDAQ:ARM) Stock Price Down 1.1% – Should You Sell?

Arm Holdings plc (NASDAQ:ARM)’s stock price dropped 1.1% on Friday . The stock traded as low as $115.50 and last traded at $117.73. Approximately 640,827 shares were traded during trading, a decline of 92% from the average daily volume of 7,574,261 shares. The stock had previously closed at $119.07.

Analyst Upgrades and Downgrades

ARM has been the subject of several recent research reports. Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. Raymond James lifted their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities lifted their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.23.

ARM Price Performance

The stock has a market capitalization of $124.77 billion, a price-to-earnings ratio of 156.67, a PEG ratio of 6.33 and a beta of 4.77. The business’s 50-day simple moving average is $142.75 and its two-hundred day simple moving average is $140.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARM. Artisan Partners Limited Partnership lifted its position in shares of ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock worth $327,088,000 after purchasing an additional 860,716 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of ARM during the fourth quarter worth $51,901,000. Finally, Banque Transatlantique SA acquired a new position in shares of ARM during the fourth quarter worth $37,440,000. 7.53% of the stock is owned by institutional investors and hedge funds.

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.