ARM (NASDAQ:ARM) Releases Earnings Results, Misses Expectations By $0.10 EPS

ARM (NASDAQ:ARM) posted its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10), Zacks reports. ARM had a return on equity of 13.69% and a net margin of 18.13%.

ARM Stock Up 6.8 %

Shares of NASDAQ:ARM traded up $11.06 during trading on Wednesday, reaching $173.26. The stock had a trading volume of 12,790,218 shares, compared to its average volume of 7,006,037. The stock has a market cap of $181.55 billion, a P/E ratio of 288.77, a PEG ratio of 7.46 and a beta of 4.56. The business has a fifty day moving average price of $142.65 and a 200-day moving average price of $139.57. ARM has a fifty-two week low of $71.80 and a fifty-two week high of $188.75.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna increased their price target 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. TD Cowen increased their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Loop Capital increased their price target on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

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.