ARM (NASDAQ:ARM) Trading Down 4.4% - Should You Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) shares were down 4.4% during trading on Friday . The company traded as low as $156.61 and last traded at $157.53. Approximately 3,058,566 shares traded hands during trading, a decline of 55% from the average daily volume of 6,816,160 shares. The stock had previously closed at $164.83.

Analysts Set New Price Targets

A number of analysts have commented on ARM shares. Loop Capital upped their price target 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. Wells Fargo & Company upped their price objective on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Citigroup upped their price objective on shares of ARM from $170.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Raymond James upped their price objective on shares of ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

ARM Trading Down 3.2 %

The stock's 50-day moving average price is $146.64 and its two-hundred day moving average price is $140.22. The stock has a market capitalization of $167.17 billion, a P/E ratio of 209.92, a P/E/G ratio of 7.83 and a beta of 4.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ARM. GeoWealth Management LLC grew its position in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares during the period. Gilliland Jeter Wealth Management LLC boosted its holdings in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after buying an additional 117 shares during the period. Colonial Trust Co SC bought a new position in ARM in the 4th quarter worth approximately $40,000. Berbice Capital Management LLC bought a new position in ARM in the 4th quarter worth approximately $49,000. Finally, Quantbot Technologies LP bought a new position in ARM in the 3rd quarter worth approximately $52,000. 7.53% of the stock is owned by institutional investors.

About ARM

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.