ARM (NASDAQ:ARM) Now Covered by UBS Group

UBS Group began coverage on shares of ARM (NASDAQ:ARM) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $160.00 target price on the stock.

Several other analysts have also recently issued reports on ARM. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Thursday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, November 7th. Finally, Citigroup raised their target price on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Price Performance

Shares of NASDAQ:ARM opened at $133.37 on Monday. ARM has a one year low of $60.37 and a one year high of $188.75. The firm has a market capitalization of $139.75 billion, a price-to-earnings ratio of 222.28, a PEG ratio of 6.97 and a beta of 5.40. The company’s fifty day moving average price is $143.07 and its 200-day moving average price is $141.21.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that ARM will post 0.79 EPS for the current year.

Institutional Trading of ARM

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

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.