ARM (NASDAQ:ARM) Stock Price Down 2.7% - Time to Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s share price traded down 2.7% during mid-day trading on Friday . The stock traded as low as $144.42 and last traded at $146.57. 2,646,815 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 10,904,435 shares. The stock had previously closed at $150.65.

Analyst Ratings Changes

ARM has been the subject of a number of recent research reports. Evercore ISI increased their target price on ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday. Sanford C. Bernstein downgraded ARM from a "market perform" rating to an "underperform" rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. HSBC lowered ARM from a "hold" rating to a "reduce" rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on ARM from $82.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Finally, Benchmark began coverage on ARM in a research note on Monday, September 16th. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $145.57.

ARM Trading Down 2.1 %

The company has a fifty day moving average of $142.03 and a two-hundred day moving average of $137.63. The stock has a market capitalization of $154.53 billion, a price-to-earnings ratio of 377.73, a price-to-earnings-growth ratio of 6.27 and a beta of 5.40.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same quarter last year, the company earned $0.36 EPS. ARM's revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Arm Holdings plc will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of ARM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARM. International Assets Investment Management LLC boosted its position in shares of ARM by 14,351.1% in the 3rd 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 during the last quarter. Sei Investments Co. raised its holdings in shares of ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company's stock valued at $94,790,000 after purchasing an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in ARM by 186.8% during 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 during the period. Price T Rowe Associates Inc. MD increased its position in ARM by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company's stock worth $36,366,000 after buying an additional 14,584 shares during the last quarter. Finally, Mark Asset Management LP lifted its position in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock valued at $39,038,000 after buying an additional 29,686 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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