ARM (NASDAQ:ARM) Stock Rating Lowered by Sanford C. Bernstein

ARM (NASDAQ:ARM) was downgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $100.00 target price on the stock. Sanford C. Bernstein’s target price would suggest a potential downside of 29.32% from the stock’s current price.

Several other analysts have also issued reports on ARM. Citigroup raised their price target on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays lifted their target price on ARM from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Morgan Stanley upgraded ARM from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $107.00 to $190.00 in a research note on Friday, July 19th. Loop Capital raised their price objective on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

ARM Stock Up 0.1 %

Shares of NASDAQ:ARM opened at $141.48 on Thursday. The business has a 50 day moving average price of $140.91 and a 200 day moving average price of $136.58. The company has a market cap of $148.25 billion and a price-to-earnings ratio of 362.78. ARM has a twelve month low of $49.82 and a twelve month high of $188.75.

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

Institutional Trading of ARM

Several large investors have recently made changes to their positions in the business. Mark Sheptoff Financial Planning LLC acquired a new position in ARM during the 1st quarter worth about $25,000. ORG Partners LLC bought a new position in shares of ARM in the third quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in shares of ARM during the second quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Finally, RiverPark Advisors LLC increased its holdings in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares in the last quarter. Institutional investors 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.