Barclays Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price objective lowered by equities researchers at Barclays from $155.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 24.58% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Mizuho lifted their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. KGI Securities assumed coverage on shares of ARM in a research report on Tuesday, April 15th. They set a “neutral” rating for the company. Bank of America reduced their price target on shares of ARM from $180.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group lifted their price objective on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Loop Capital increased their target price on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.70.

ARM Trading Up 3.6 %

Shares of NASDAQ:ARM traded up $3.51 during trading on Tuesday, hitting $100.34. 881,014 shares of the stock were exchanged, compared to its average volume of 7,331,184. The company has a market cap of $105.14 billion, a PE ratio of 132.20, a P/E/G ratio of 6.33 and a beta of 4.48. The company has a fifty day moving average price of $118.60 and a two-hundred day moving average price of $135.43. ARM has a 12-month low of $80.00 and a 12-month high of $188.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC lifted its position in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of ARM during the fourth quarter worth $40,000. Berbice Capital Management LLC purchased a new position in shares of ARM in the fourth quarter valued at $49,000. Valley National Advisers Inc. grew its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in ARM during the 4th quarter worth $83,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.