ARM (NASDAQ:ARM) Trading Down 3.3% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM) shares fell 3.3% on Tuesday . The company traded as low as $140.17 and last traded at $142.51. 2,657,124 shares changed hands during trading, a decline of 47% from the average session volume of 5,029,801 shares. The stock had previously closed at $147.41.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of recent research reports. 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 research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays lifted their price objective on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Loop Capital upped their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Evercore ISI lifted their price target on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Stock Down 2.0 %

The stock has a market cap of $151.34 billion, a PE ratio of 240.72, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. The company’s fifty day moving average is $137.74 and its 200 day moving average is $142.18.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in shares of ARM during the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC increased its stake in 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 buying an additional 117 shares during the period. Larson Financial Group LLC acquired a new position in ARM in the 2nd quarter worth $47,000. Alta Advisers Ltd purchased a new position in ARM in the 2nd quarter valued at about $49,000. Finally, Quantbot Technologies LP purchased a new position in ARM in the 3rd quarter valued at about $52,000. 7.53% of the stock is 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.