ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Given Average Rating of “Moderate Buy” by Analysts

Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) have been given a consensus rating of “Moderate Buy” by the twenty-seven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $169.3333.

Several research firms have recently weighed in on ARM. BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. UBS Group boosted their price objective on shares of ARM from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley reduced their price objective on shares of ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. The Goldman Sachs Group initiated coverage on shares of ARM in a research note on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, July 31st.

ARM Stock Performance

ARM stock opened at $178.62 on Tuesday. The company has a 50 day moving average price of $150.52 and a 200-day moving average price of $140.80. ARM has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The company has a market capitalization of $188.71 billion, a PE ratio of 270.64, a P/E/G ratio of 10.72 and a beta of 4.10.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that ARM will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On ARM

A number of large investors have recently bought and sold shares of ARM. Goldman Sachs Group Inc. grew its holdings in ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock worth $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in ARM by 116.8% in the second quarter. Sustainable Growth Advisers LP now owns 3,457,220 shares of the company’s stock worth $559,171,000 after purchasing an additional 1,862,626 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of ARM by 41.7% during the second quarter. Schroder Investment Management Group now owns 4,745,957 shares of the company’s stock valued at $767,611,000 after buying an additional 1,396,684 shares during the last quarter. Invesco Ltd. grew its holdings in shares of ARM by 139.9% during the second quarter. Invesco Ltd. now owns 1,381,906 shares of the company’s stock valued at $223,509,000 after buying an additional 805,886 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of ARM by 3,853.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock valued at $84,180,000 after buying an additional 507,300 shares during the last quarter. Institutional investors 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.