Arm Holdings plc (NASDAQ:ARM) Receives $125.96 Consensus Target Price from Brokerages

Arm Holdings plc (NASDAQ:ARM) has received an average recommendation of “Moderate Buy” from the thirty brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.96.

A number of research firms have recently commented on ARM. Guggenheim increased their price target on shares of ARM from $110.00 to $169.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Bank of America increased their price target on shares of ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, William Blair started coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company.

Institutional Trading of ARM

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mark Sheptoff Financial Planning LLC bought a new position in shares of ARM during the first quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in ARM during the 2nd quarter valued at $33,000. RiverPark Advisors LLC increased its holdings in shares of ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the period. Mather Group LLC. bought a new position in shares of ARM in the 2nd quarter worth $41,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of ARM during the 1st quarter worth $35,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of NASDAQ ARM opened at $145.58 on Monday. ARM has a 1 year low of $46.50 and a 1 year high of $188.75. The company’s 50-day moving average is $133.29 and its 200 day moving average is $133.25. The stock has a market capitalization of $152.54 billion and a P/E ratio of 150.77.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. ARM’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Research analysts anticipate that ARM will post 0.86 earnings per share for the current year.

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.