ARM (NASDAQ:ARM) Trading Down 2.8% - Time to Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s stock price traded down 2.8% during trading on Tuesday . The company traded as low as $133.16 and last traded at $136.60. 2,067,386 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 6,450,238 shares. The stock had previously closed at $140.53.

Wall Street Analysts Forecast Growth

ARM has been the subject of several research reports. TD Cowen increased their price objective on ARM from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays increased their price target on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. The Goldman Sachs Group boosted their price objective on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.23.

ARM Stock Up 1.0 %

The company has a market capitalization of $137.99 billion, a P/E ratio of 173.28, a PEG ratio of 6.33 and a beta of 4.56. The company's 50-day moving average is $147.44 and its two-hundred day moving average is $141.95.

Hedge Funds Weigh In On ARM

A number of institutional investors have recently made changes to their positions in ARM. GeoWealth Management LLC grew its position in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of ARM in the 4th quarter worth about $40,000. Quantbot Technologies LP bought a new position in shares of ARM during the 3rd quarter valued at about $52,000. Berbice Capital Management LLC purchased a new position in shares of ARM during the 4th quarter valued at about $49,000. Finally, Farther Finance Advisors LLC lifted its position in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after buying an additional 131 shares during the last quarter. 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.