Arm Holdings plc (NASDAQ:ARM) Given Consensus Rating of "Moderate Buy" by Brokerages

Arm Holdings plc (NASDAQ:ARM - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-seven research firms that are covering the stock, Marketbeat Ratings reports. 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 given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $164.76.

ARM has been the subject of a number of analyst reports. Rosenblatt Securities lifted their price objective on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Loop Capital boosted their target price on ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Morgan Stanley decreased their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ARM in a research note on Thursday, February 6th.

Institutional Investors Weigh In On ARM

Several hedge funds have recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its holdings in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the period. Colonial Trust Co SC bought a new stake in ARM in the fourth quarter valued at approximately $40,000. Berbice Capital Management LLC acquired a new stake in ARM during the 4th quarter valued at approximately $49,000. Valley National Advisers Inc. raised its holdings in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the last quarter. Finally, MCF Advisors LLC bought a new position in ARM during the 4th quarter worth approximately $83,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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ARM Price Performance

Shares of NASDAQ ARM traded up $3.01 during trading hours on Friday, hitting $107.00. 750,983 shares of the stock were exchanged, compared to its average volume of 6,059,888. The firm has a market capitalization of $112.12 billion, a P/E ratio of 140.79, a P/E/G ratio of 6.33 and a beta of 4.48. ARM has a one year low of $80.00 and a one year high of $188.75. The company's 50 day moving average is $125.98 and its 200 day moving average is $137.06.

ARM Company Profile

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.