Arm Holdings plc (NASDAQ:ARM) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $147.95.

A number of equities analysts have commented on ARM shares. The Goldman Sachs Group boosted their price target on shares of ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Raymond James began coverage on shares of ARM in a report on Friday, September 13th. They issued an "outperform" rating and a $160.00 price objective for the company. Benchmark began coverage on shares of ARM in a research note on Monday, September 16th. They issued a "hold" rating for the company. Finally, HSBC lowered shares of ARM from a "hold" rating to a "reduce" rating in a research note on Monday, July 29th.

ARM Stock Down 2.7 %

ARM stock traded down $3.80 during midday trading on Tuesday, hitting $138.17. 2,856,619 shares of the stock were exchanged, compared to its average volume of 10,868,912. The stock has a market capitalization of $144.78 billion, a price-to-earnings ratio of 233.44, a price-to-earnings-growth ratio of 6.72 and a beta of 5.40. ARM has a 52-week low of $50.57 and a 52-week high of $188.75. The business's 50-day moving average price is $142.50 and its 200-day moving average price is $138.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that ARM will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently modified their holdings of ARM. RiverPark Advisors LLC grew its stake in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after purchasing an additional 77 shares during the period. Hexagon Capital Partners LLC raised its holdings in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company's stock valued at $90,000 after buying an additional 77 shares during the period. BOKF NA grew its position in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company's stock valued at $51,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock worth $1,359,000 after buying an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in shares of ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company's stock worth $281,000 after buying an additional 102 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

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.