ARM (NASDAQ:ARM) Stock Price Down 3.5% – Should You Sell?

Arm Holdings plc (NASDAQ:ARM)’s share price traded down 3.5% during mid-day trading on Thursday . The company traded as low as $158.70 and last traded at $167.16. 7,349,913 shares were traded during mid-day trading, an increase of 4% from the average session volume of 7,050,847 shares. The stock had previously closed at $173.26.

Analyst Ratings Changes

Several brokerages recently commented on ARM. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group assumed coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average price target of $162.17.

ARM Trading Down 3.0 %

The stock has a 50 day simple moving average of $144.69 and a 200 day simple moving average of $139.99. The firm has a market capitalization of $170.28 billion, a PE ratio of 213.83, a PEG ratio of 7.83 and a beta of 4.57.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, equities analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in ARM during the 2nd quarter valued at about $737,000. Park Avenue Securities LLC increased its stake in shares of ARM by 8.6% during the third quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock valued at $398,000 after buying an additional 221 shares during the period. Brookstone Capital Management raised its holdings in shares of ARM by 12.4% during the third quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after acquiring an additional 156 shares in the last quarter. CWM LLC lifted its stake in ARM by 19.6% in the third quarter. CWM LLC now owns 108,372 shares of the company’s stock worth $15,498,000 after acquiring an additional 17,769 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after acquiring an additional 77 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

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.