ARM (NASDAQ:ARM) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of ARM (NASDAQ:ARM) in a research report report published on Thursday,Benzinga reports.

ARM has been the subject of a number of other reports. Seaport Res Ptn raised shares of ARM to a “strong-buy” rating in a research note on Monday, August 11th. The Goldman Sachs Group initiated coverage on ARM in a research note on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective for the company. Evercore ISI lifted their target price on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. Finally, BNP Paribas Exane raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average price target of $178.55.

ARM Stock Down 1.2%

Shares of ARM opened at $158.25 on Thursday. The business has a 50-day simple moving average of $155.10 and a two-hundred day simple moving average of $144.07. ARM has a 52 week low of $80.00 and a 52 week high of $183.16. The stock has a market cap of $167.19 billion, a price-to-earnings ratio of 202.88, a PEG ratio of 10.06 and a beta of 4.11.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. ARM had a return on equity of 15.39% and a net margin of 18.81%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue was up 34.5% on a year-over-year basis. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities analysts anticipate that ARM will post 0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently modified their holdings of ARM. HighTower Advisors LLC boosted its holdings in shares of ARM by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 30,528 shares of the company’s stock worth $4,319,000 after purchasing an additional 1,227 shares during the period. Capital CS Group LLC lifted its position in ARM by 7.1% in the third quarter. Capital CS Group LLC now owns 1,500 shares of the company’s stock worth $212,000 after buying an additional 100 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its stake in ARM by 9.1% during the third quarter. Murphy & Mullick Capital Management Corp now owns 926 shares of the company’s stock worth $135,000 after buying an additional 77 shares during the period. Balboa Wealth Partners increased its position in ARM by 2.7% during the third quarter. Balboa Wealth Partners now owns 3,108 shares of the company’s stock valued at $440,000 after acquiring an additional 83 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of ARM by 4.8% in the third quarter. Assetmark Inc. now owns 67,689 shares of the company’s stock valued at $9,577,000 after acquiring an additional 3,125 shares during the period. 7.53% of the stock is owned by institutional investors.

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.