ARM (NASDAQ:ARM) Stock Price Down 2.2% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s share price fell 2.2% on Friday . The company traded as low as $147.11 and last traded at $147.58. 863,919 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 6,542,721 shares. The stock had previously closed at $150.85.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Barclays raised their price target on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Jefferies Financial Group boosted their price objective on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM Stock Down 4.5 %

The company has a market capitalization of $150.96 billion, a price-to-earnings ratio of 189.46, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57. The company has a 50 day simple moving average of $147.79 and a 200 day simple moving average of $140.98.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently made changes to their positions in ARM. Toronto Dominion Bank raised its position in ARM by 119.1% in the fourth quarter. Toronto Dominion Bank now owns 3,893 shares of the company’s stock valued at $480,000 after purchasing an additional 2,116 shares during the period. Warm Springs Advisors Inc. acquired a new stake in shares of ARM in the fourth quarter valued at about $1,851,000. GF Fund Management CO. LTD. purchased a new stake in shares of ARM during the 4th quarter valued at about $2,995,000. Public Employees Retirement System of Ohio purchased a new position in ARM in the 4th quarter worth approximately $11,786,000. Finally, Vega Investment Solutions acquired a new stake in ARM in the fourth quarter valued at approximately $780,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.