ARM (NASDAQ:ARM) Stock Price Down 1.6% - Should You Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s share price dropped 1.6% during trading on Tuesday . The company traded as low as $155.65 and last traded at $156.98. Approximately 1,888,317 shares traded hands during trading, a decline of 72% from the average daily volume of 6,763,901 shares. The stock had previously closed at $159.54.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of research analyst reports. Mizuho raised their target price on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Raymond James increased their price target on ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price target on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

ARM Price Performance

The stock has a market cap of $151.80 billion, a PE ratio of 190.62, a P/E/G ratio of 6.75 and a beta of 4.57. The business has a fifty day moving average of $147.79 and a 200 day moving average of $140.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARM. Tufton Capital Management raised its position in shares of ARM by 1.5% during the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after purchasing an additional 65 shares during the period. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the period. Zullo Investment Group Inc. raised its position in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after purchasing an additional 85 shares during the period. GeoWealth Management LLC raised 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 worth $32,000 after purchasing an additional 92 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of ARM by 3.5% during the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Company Profile

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.