ARM (NASDAQ:ARM) Trading Down 0.9% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM) was down 0.9% on Monday . The company traded as low as $150.91 and last traded at $151.65. Approximately 646,582 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 11,207,962 shares. The stock had previously closed at $153.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ARM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Evercore ISI upped their price target on shares of ARM from $145.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Sanford C. Bernstein raised shares of ARM from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $92.00 to $100.00 in a research report on Wednesday, August 7th. Finally, Hsbc Global Res raised ARM to a “moderate sell” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

ARM Stock Performance

The stock has a market capitalization of $159.18 billion and a price-to-earnings ratio of 388.86. The company’s 50 day moving average is $137.10 and its 200 day moving average is $135.20.

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

Hedge Funds Weigh In On ARM

Several large investors have recently bought and sold shares of ARM. Fisher Asset Management LLC acquired a new position in shares of ARM in the 4th quarter valued at $102,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of ARM in the 4th quarter valued at approximately $388,000. PNC Financial Services Group Inc. raised its position in shares of ARM by 47.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,526 shares of the company’s stock valued at $115,000 after acquiring an additional 494 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of ARM in the 4th quarter valued at approximately $152,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of ARM in the 1st quarter valued at approximately $272,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Company Profile

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.