ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned 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 $285.3333.
A number of research analysts recently weighed in on ARM shares. Needham & Company LLC reissued a “buy” rating and set a $255.00 price target on shares of ARM in a research report on Thursday, July 30th. Susquehanna increased their price objective on shares of ARM from $300.00 to $320.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. UBS Group dropped their target price on shares of ARM from $360.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group boosted their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial restated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th.
Read Our Latest Stock Analysis on ARM
Insider Buying and Selling at ARM
Institutional Trading of ARM
A number of large investors have recently added to or reduced their stakes in ARM. Syntax Research Inc. purchased a new position in ARM in the first quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of ARM during the 1st quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM in the 4th quarter worth approximately $30,000. Navalign LLC bought a new stake in shares of ARM in the 4th quarter worth approximately $33,000. Finally, FWL Investment Management LLC purchased a new position in ARM in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.
ARM Stock Performance
Shares of NASDAQ:ARM opened at $243.32 on Monday. The stock has a market cap of $259.89 billion, a PE ratio of 250.85, a price-to-earnings-growth ratio of 7.21 and a beta of 3.91. The stock’s fifty day simple moving average is $303.00 and its two-hundred day simple moving average is $230.18. ARM has a 1-year low of $100.02 and a 1-year high of $452.70.
ARM (NASDAQ:ARM – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, sell-side analysts forecast that ARM will post 1.15 earnings per share 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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