ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $279.8333.
Several analysts have issued reports on the stock. Susquehanna upped their price target on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Thursday, April 16th. The Goldman Sachs Group boosted their price target on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their price objective on ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays upped their target price on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and lifted their price target for the company from $90.00 to $205.00 in a report on Friday, March 20th.
View Our Latest Stock Analysis on ARM
Insider Buying and Selling
Institutional Investors Weigh In On ARM
Hedge funds have recently made changes to their positions in the company. Rathbones Group PLC grew its holdings in ARM by 4,638.8% during the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock worth $54,660,000 after acquiring an additional 489,491 shares in the last quarter. Paragon Capital Management Inc. acquired a new position in shares of ARM during the fourth quarter worth $826,000. Lansdowne Partners UK LLP purchased a new position in ARM in the third quarter valued at $8,486,000. Hyperion Asset Management Ltd acquired a new stake in ARM in the third quarter valued at $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ARM by 34.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock worth $2,644,000 after acquiring an additional 6,232 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.
ARM Price Performance
Shares of NASDAQ:ARM traded down $4.48 during trading on Friday, hitting $323.39. 2,761,571 shares of the company were exchanged, compared to its average volume of 9,361,516. The company has a market cap of $345.41 billion, a PE ratio of 384.99, a P/E/G ratio of 11.74 and a beta of 3.76. The stock has a 50 day moving average of $318.07 and a 200 day moving average of $196.78. ARM has a 52-week low of $100.02 and a 52-week high of $452.70.
ARM (NASDAQ:ARM – Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The firm had revenue of $1.49 billion during the quarter. Sell-side analysts forecast that ARM will post 1.12 EPS for the current fiscal year.
About ARM
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.
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