ARM (NASDAQ:ARM) Given New $125.00 Price Target at The Goldman Sachs Group

ARM (NASDAQ:ARM) had its price objective boosted by investment analysts at The Goldman Sachs Group from $110.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 15.67% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. New Street Research raised ARM from a “neutral” rating to a “buy” rating in a research note on Thursday, February 5th. Raymond James Financial raised shares of ARM from a “market perform” rating to an “outperform” rating and set a $166.00 target price on the stock in a research report on Wednesday, March 25th. Barclays reaffirmed an “overweight” rating and set a $165.00 price target on shares of ARM in a research report on Thursday, March 26th. Oddo Bhf set a $170.00 price target on ARM in a report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on ARM from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, March 25th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.33.

ARM Stock Down 0.5%

ARM stock traded down $0.68 during midday trading on Thursday, reaching $148.23. The company’s stock had a trading volume of 3,600,510 shares, compared to its average volume of 6,846,813. ARM has a fifty-two week low of $95.32 and a fifty-two week high of $183.16. The company has a market cap of $156.60 billion, a P/E ratio of 198.27, a P/E/G ratio of 6.65 and a beta of 3.33. The business has a 50-day simple moving average of $128.10 and a 200-day simple moving average of $134.11.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. ARM had a net margin of 17.15% and a return on equity of 14.01%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $0.39 EPS. ARM’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts forecast that ARM will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other ARM news, CEO Rene A. Haas sold 7,986 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $160.86, for a total value of $1,284,627.96. Following the sale, the chief executive officer directly owned 282,979 shares in the company, valued at $45,520,001.94. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Child sold 21,280 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the sale, the chief financial officer directly owned 174,706 shares of the company’s stock, valued at approximately $25,921,129.22. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,133 shares of company stock worth $8,288,586 over the last quarter.

Institutional Trading of ARM

Several institutional investors and hedge funds have recently made changes to their positions in ARM. GAMMA Investing LLC raised its position in shares of ARM by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after acquiring an additional 97 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of ARM during the 3rd quarter valued at $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM during the 4th quarter valued at $30,000. Navalign LLC bought a new stake in shares of ARM during the 4th quarter valued at $33,000. Finally, FWL Investment Management LLC bought a new stake in shares of ARM during the 2nd quarter valued at $34,000. Institutional investors own 7.53% of the company’s stock.

ARM Company Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.