Brokerages Set Arm Holdings plc (NASDAQ:ARM) Price Target at $150.32

Shares of Arm Holdings plc (NASDAQ:ARM) have earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $150.32.

A number of equities analysts recently commented on ARM shares. TD Cowen increased their price target on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price for the company. Evercore ISI upped their price target on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Loop Capital upped their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

ARM Stock Performance

ARM stock opened at $141.08 on Wednesday. The company’s fifty day moving average price is $137.80 and its 200-day moving average price is $142.28. ARM has a one year low of $66.52 and a one year high of $188.75. The company has a market capitalization of $147.83 billion, a PE ratio of 235.14, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. On average, research analysts predict that ARM will post 0.79 EPS for the current fiscal year.

Institutional Trading of ARM

Several institutional investors and hedge funds have recently modified their holdings of ARM. ORG Partners LLC bought a new stake in shares of ARM in the third quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. Larson Financial Group LLC bought a new position in shares of ARM during the second quarter valued at approximately $47,000. Alta Advisers Ltd purchased a new position in ARM during the second quarter valued at approximately $49,000. Finally, Quantbot Technologies LP bought a new position in ARM in the third quarter worth approximately $52,000. Institutional investors own 7.53% of the company’s stock.

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.