ARM’s (ARM) “Hold” Rating Reiterated at Needham & Company LLC

ARM (NASDAQ:ARM)‘s stock had its “hold” rating restated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports.

ARM has been the subject of several other reports. The Goldman Sachs Group upped their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Evercore ISI lifted their target price on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barclays increased their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.22.

ARM Stock Up 6.8 %

Shares of ARM stock opened at $173.26 on Thursday. ARM has a 52 week low of $71.80 and a 52 week high of $188.75. The firm has a market capitalization of $181.55 billion, a PE ratio of 288.77, a P/E/G ratio of 7.46 and a beta of 4.56. The company has a 50 day moving average price of $143.45 and a 200-day moving average price of $139.80.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Analysts anticipate that ARM will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of ARM in the 2nd quarter valued at approximately $737,000. Park Avenue Securities LLC boosted its stake in ARM by 8.6% during the third quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock worth $398,000 after buying an additional 221 shares during the period. Brookstone Capital Management increased its position in 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 during the last quarter. CWM LLC raised its stake in shares of ARM by 19.6% in the third quarter. CWM LLC now owns 108,372 shares of the company’s stock valued at $15,498,000 after acquiring an additional 17,769 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after acquiring an additional 77 shares during 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.