ARM (NASDAQ:ARM) Shares Down 2.5% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM) traded down 2.5% during trading on Friday . The stock traded as low as $129.60 and last traded at $133.37. 5,498,108 shares changed hands during trading, a decline of 5% from the average session volume of 5,758,661 shares. The stock had previously closed at $136.72.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. William Blair started coverage on ARM in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. TD Cowen increased their price target on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. Finally, Wells Fargo & Company started coverage on ARM in a research report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Trading Down 2.5 %

The company has a market cap of $139.75 billion, a P/E ratio of 222.29, a price-to-earnings-growth ratio of 6.66 and a beta of 5.40. The company has a 50 day moving average price of $143.07 and a 200-day moving average price of $141.21.

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. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Trading of ARM

A number of hedge funds have recently added to or reduced their stakes in ARM. Franklin Resources Inc. increased its holdings in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. International Assets Investment Management LLC raised its position in ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after buying an additional 14,584 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.