ARM (NASDAQ:ARM) Shares Up 0.7% – What’s Next?

Arm Holdings plc (NASDAQ:ARM) rose 0.7% during mid-day trading on Tuesday . The company traded as high as $150.50 and last traded at $146.95. Approximately 2,120,678 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 7,108,136 shares. The stock had previously closed at $145.96.

Analysts Set New Price Targets

ARM has been the subject of a number of research analyst reports. Susquehanna raised their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. UBS Group assumed coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective on the stock. Loop Capital increased their price objective on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.09.

ARM Stock Up 2.4 %

The firm has a fifty day simple moving average of $140.34 and a 200-day simple moving average of $140.23. The company has a market cap of $156.62 billion, a PE ratio of 249.12, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities research analysts forecast that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new position in shares of ARM during the 3rd quarter worth approximately $29,000. Gilliland Jeter Wealth Management LLC raised its position in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of ARM during the 3rd quarter worth approximately $52,000. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter worth approximately $49,000. Finally, Farther Finance Advisors LLC raised its position in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.