ARM (NASDAQ:ARM) Trading Down 1.7% - Time to Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $154.01 and last traded at $155.05. Approximately 1,076,842 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,708,431 shares. The stock had previously closed at $157.74.

Analysts Set New Price Targets

ARM has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Susquehanna boosted their price objective on shares of ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. UBS Group began coverage on shares of ARM in a research note on Monday, November 25th. They set a "buy" rating and a $160.00 price objective for the company. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

ARM Trading Down 3.2 %

The stock's fifty day moving average is $146.64 and its 200 day moving average is $140.19. The company has a market capitalization of $167.17 billion, a P/E ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC increased its stake in shares of 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 acquiring an additional 117 shares in the last quarter. GeoWealth Management LLC grew its position in 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 purchasing an additional 92 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ARM during the 3rd quarter valued at about $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter valued at about $49,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after acquiring an additional 131 shares during the last quarter. 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.