Brokerages Set Arm Holdings plc (NASDAQ:ARM) Price Target at $162.83

Arm Holdings plc (NASDAQ:ARM) has received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $165.23.

Several analysts recently issued reports on the company. Loop Capital upped their target price on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Raymond James upped their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a report on Thursday, October 31st. Finally, Barclays upped their target price on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th.

ARM Stock Performance

ARM opened at $138.97 on Thursday. ARM has a 52-week low of $85.61 and a 52-week high of $188.75. The firm has a market capitalization of $145.62 billion, a PE ratio of 182.86, a PEG ratio of 6.33 and a beta of 4.56. The business’s 50-day simple moving average is $147.48 and its 200 day simple moving average is $141.93.

Hedge Funds Weigh In On ARM

Institutional investors and hedge funds have recently made changes to their positions in the company. GeoWealth Management LLC grew its position in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after buying an additional 92 shares in the last quarter. Colonial Trust Co SC acquired a new stake in ARM during the fourth quarter worth approximately $40,000. Berbice Capital Management LLC acquired a new stake in ARM during the fourth quarter worth approximately $49,000. Quantbot Technologies LP acquired a new stake in ARM during the third quarter worth approximately $52,000. Finally, Farther Finance Advisors LLC grew its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.