ARM (NASDAQ:ARM) Trading Down 1% – What’s Next?

Shares of Arm Holdings plc (NASDAQ:ARM) traded down 1% during trading on Tuesday . The stock traded as low as $147.03 and last traded at $147.83. 1,241,637 shares changed hands during trading, a decline of 71% from the average session volume of 4,270,241 shares. The stock had previously closed at $149.26.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays upped their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Loop Capital raised their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen increased their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.09.

ARM Stock Up 4.0 %

The company has a market capitalization of $162.59 billion, a P/E ratio of 258.83, a price-to-earnings-growth ratio of 6.97 and a beta of 4.53. The business has a fifty day moving average price of $137.52 and a 200 day moving average price of $140.92.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ORG Partners LLC bought a new stake in shares of ARM in the 3rd quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC increased its position in ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new position in shares of ARM during the 3rd quarter worth approximately $52,000. Finally, Farther Finance Advisors LLC lifted its holdings in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

About ARM

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.