ARM (NASDAQ:ARM) Trading Down 4% - Time to Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s share price traded down 4% during trading on Monday . The company traded as low as $142.04 and last traded at $145.80. 2,121,779 shares traded hands during trading, a decline of 79% from the average session volume of 10,260,951 shares. The stock had previously closed at $151.91.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. TD Cowen lifted their price objective on ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Benchmark initiated coverage on ARM in a research report on Monday, September 16th. They set a "hold" rating for the company. JPMorgan Chase & Co. lifted their price target on ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on ARM in a report on Friday, November 22nd. They issued an "overweight" rating and a $155.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.32.

ARM Trading Down 4.5 %

The firm has a market capitalization of $151.94 billion, a price-to-earnings ratio of 253.18, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The company has a 50-day moving average of $142.98 and a 200-day moving average of $143.61.

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. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. On average, research analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ARM. International Assets Investment Management LLC grew its stake in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. grew its stake in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company's stock worth $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company's stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after buying an additional 228,467 shares during the period. Finally, Marsico Capital Management LLC purchased a new position in ARM in the 2nd quarter worth about $33,207,000. 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.