ARM (NASDAQ:ARM) Stock Price Down 3.2% - Should You Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) shares fell 3.2% during mid-day trading on Friday . The company traded as low as $160.87 and last traded at $162.12. 2,969,508 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 7,086,112 shares. The stock had previously closed at $167.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARM. Barclays increased their target price on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. TD Cowen raised their price objective on ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Susquehanna raised their price objective on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

ARM Trading Down 1.0 %

The stock has a fifty day simple moving average of $144.69 and a two-hundred day simple moving average of $139.64. The firm has a market cap of $168.53 billion, a PE ratio of 211.63, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

Institutional Investors Weigh In On ARM

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new stake in shares of ARM during the third quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC increased its position in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after buying an additional 117 shares during the period. Berbice Capital Management LLC bought a new stake in shares of ARM during the fourth quarter valued at about $49,000. Quantbot Technologies LP bought a new stake in shares of ARM during the third quarter valued at about $52,000. Finally, Farther Finance Advisors LLC increased its position in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after buying an additional 131 shares during the period. 7.53% of the stock is currently owned by institutional investors.

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.