ARM (NASDAQ:ARM) Trading Up 1.3% – What’s Next?

Arm Holdings plc (NASDAQ:ARM) shares traded up 1.3% during trading on Friday . The stock traded as high as $151.76 and last traded at $151.27. 975,198 shares were traded during trading, a decline of 91% from the average session volume of 11,362,608 shares. The stock had previously closed at $149.33.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. TD Cowen raised shares of ARM to a “strong-buy” rating in a research report on Monday, September 16th. Loop Capital upped their price objective on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.91.

ARM Trading Up 1.0 %

The company has a 50 day simple moving average of $132.22 and a 200 day simple moving average of $133.98. The stock has a market capitalization of $158.05 billion and a PE ratio of 387.88.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. On average, equities research analysts predict that Arm Holdings plc will post 0.86 EPS for the current year.

Institutional Trading of ARM

A number of institutional investors have recently modified their holdings of ARM. Mark Sheptoff Financial Planning LLC acquired a new position in shares of ARM during the 1st quarter worth $25,000. Transcendent Capital Group LLC purchased a new position in ARM in the second quarter valued at about $33,000. RiverPark Advisors LLC lifted its position in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the period. Mather Group LLC. purchased a new stake in shares of ARM during the 2nd quarter worth approximately $41,000. Finally, SOA Wealth Advisors LLC. purchased a new position in ARM in the 1st quarter valued at approximately $35,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.