ARM (NASDAQ:ARM) Shares Down 3.1% - What's Next?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s stock price traded down 3.1% on Monday . The stock traded as low as $141.16 and last traded at $142.95. 2,689,340 shares were traded during trading, a decline of 75% from the average session volume of 10,882,521 shares. The stock had previously closed at $147.48.

Analyst Ratings Changes

Several brokerages have recently issued reports on ARM. Evercore ISI upped their price objective on ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday. Barclays lifted their price target on shares of ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday. Susquehanna lifted their target price on shares of ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $180.00 target price on shares of ARM in a research note on Thursday, August 1st. Finally, Citigroup lifted their price target on ARM from $150.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.95.

ARM Stock Down 4.0 %

The company has a 50 day moving average price of $142.32 and a 200-day moving average price of $138.57. The company has a market cap of $148.37 billion, a P/E ratio of 233.42, a PEG ratio of 6.59 and a beta of 5.40.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 14.14% and a net margin of 18.13%. The firm had revenue of $844.00 million for the quarter, compared to analysts' expectations of $810.03 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that Arm Holdings plc will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of ARM

Large investors have recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in ARM during the first quarter valued at $25,000. Transcendent Capital Group LLC acquired a new position in ARM in the second quarter worth approximately $33,000. ORG Partners LLC bought a new position in ARM during the third quarter valued at approximately $29,000. RiverPark Advisors LLC lifted its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock valued at $40,000 after acquiring an additional 77 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in ARM in the second quarter worth approximately $41,000. 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.

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