ARM (NASDAQ:ARM) Trading Down 1% – Here’s Why

Arm Holdings plc (NASDAQ:ARM)’s stock price traded down 1% during trading on Monday . The stock traded as low as $152.00 and last traded at $158.02. 2,076,918 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 6,748,009 shares. The stock had previously closed at $159.55.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ARM shares. Wells Fargo & Company raised their target price on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. TD Cowen upped their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Susquehanna upped their price objective on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

ARM Price Performance

The firm has a market cap of $163.09 billion, a P/E ratio of 259.42, a PEG ratio of 7.46 and a beta of 4.56. The company’s 50 day moving average is $141.82 and its two-hundred day moving average is $139.60.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Research analysts predict that Arm Holdings plc will post 0.84 EPS for the current year.

Institutional Investors Weigh In On ARM

Several institutional investors and hedge funds have recently bought and sold shares of ARM. Valley National Advisers Inc. boosted its stake in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after acquiring an additional 77 shares during the period. Zullo Investment Group Inc. boosted its stake in shares of ARM by 4.6% in the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock valued at $236,000 after purchasing an additional 85 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of ARM by 3.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock worth $409,000 after purchasing an additional 98 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of ARM by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after purchasing an additional 100 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.