ARM (NASDAQ:ARM) Stock Price Down 3% - Should You Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) shares fell 3% during trading on Wednesday . The stock traded as low as $135.16 and last traded at $135.72. 1,989,159 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 10,834,175 shares. The stock had previously closed at $139.92.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on ARM from $82.00 to $105.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Daiwa America upgraded ARM from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 8th. Evercore ISI lifted their target price on ARM from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Raymond James assumed coverage on ARM in a report on Friday, September 13th. They issued an "outperform" rating and a $160.00 target price on the stock. Finally, Benchmark assumed coverage on ARM in a report on Monday, September 16th. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.95.

ARM Stock Down 2.6 %

The firm has a market capitalization of $142.86 billion, a P/E ratio of 227.85, a PEG ratio of 6.39 and a beta of 5.40. The business's 50 day moving average is $142.83 and its 200-day moving average is $139.15.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. Research analysts forecast that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On ARM

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of ARM during the 3rd quarter worth $52,000. D.A. Davidson & CO. raised its stake in shares of ARM by 121.6% during the third quarter. D.A. Davidson & CO. now owns 9,231 shares of the company's stock valued at $1,320,000 after acquiring an additional 5,065 shares during the last quarter. West Tower Group LLC bought a new position in shares of ARM during the third quarter valued at about $215,000. Bank of Montreal Can increased its position in shares of ARM by 5.6% during the third quarter. Bank of Montreal Can now owns 36,452 shares of the company's stock valued at $5,307,000 after buying an additional 1,925 shares during the period. Finally, Private Trust Co. NA increased its position in shares of ARM by 5,074.3% during the third quarter. Private Trust Co. NA now owns 1,811 shares of the company's stock valued at $259,000 after buying an additional 1,776 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

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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