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

Arm Holdings plc (NASDAQ:ARM - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $162.83.

A number of research analysts recently weighed in on the stock. Loop Capital raised their target price on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Raymond James raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group raised their target price on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 6th.

ARM Stock Performance

ARM stock traded down $6.66 during mid-day trading on Thursday, reaching $144.19. The company's stock had a trading volume of 3,304,338 shares, compared to its average volume of 6,615,051. The company has a market capitalization of $151.09 billion, a price-to-earnings ratio of 189.46, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57. ARM has a 12 month low of $85.61 and a 12 month high of $188.75. The business's 50 day simple moving average is $147.79 and its 200 day simple moving average is $140.98.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently made changes to their positions in ARM. Tufton Capital Management increased its position in ARM by 1.5% during the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. increased its position 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 in the last quarter. Zullo Investment Group Inc. increased its position in ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after purchasing an additional 85 shares in the last quarter. GeoWealth Management LLC increased its position in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in ARM by 3.5% during the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after purchasing an additional 96 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.