ARM (NASDAQ:ARM) Price Target Raised to $180.00

ARM (NASDAQ:ARM - Get Free Report) had its price objective boosted by stock analysts at Loop Capital from $130.00 to $180.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Loop Capital's price target points to a potential upside of 28.63% from the company's previous close.

Several other research firms have also recently commented on ARM. HSBC cut ARM from a "hold" rating to a "reduce" rating in a research note on Monday, July 29th. Hsbc Global Res raised ARM to a "moderate sell" rating in a research note on Monday, July 29th. William Blair started coverage on ARM in a research note on Wednesday, September 18th. They set an "outperform" rating for the company. Barclays raised their target price on ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Citigroup raised their target price on ARM from $150.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.95.

ARM Stock Down 5.1 %

ARM stock traded down $7.54 during trading hours on Monday, hitting $139.94. The stock had a trading volume of 5,187,147 shares, compared to its average volume of 10,895,744. The stock has a market cap of $146.63 billion, a price-to-earnings ratio of 233.42, a P/E/G ratio of 6.59 and a beta of 5.40. ARM has a one year low of $50.57 and a one year high of $188.75. The business's 50 day simple moving average is $142.32 and its 200-day simple moving average is $138.57.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. ARM had a return on equity of 14.14% and a net margin of 18.13%. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period last year, the company earned $0.36 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that ARM will post 0.86 EPS for the current fiscal year.

Institutional Trading of ARM

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of ARM in the first quarter worth about $222,000. Empowered Funds LLC bought a new position in shares of ARM in the first quarter valued at approximately $252,000. SG Americas Securities LLC boosted its position in shares of ARM by 260.6% in the first quarter. SG Americas Securities LLC now owns 19,809 shares of the company's stock valued at $2,476,000 after acquiring an additional 14,315 shares during the period. NorthRock Partners LLC bought a new position in shares of ARM in the first quarter valued at approximately $264,000. Finally, Thoroughbred Financial Services LLC bought a new position in shares of ARM in the first quarter valued at approximately $249,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

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.

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