ARM (NASDAQ:ARM) Trading Down 3.5% - What's Next?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) traded down 3.5% during trading on Thursday . The stock traded as low as $147.53 and last traded at $148.94. 1,510,249 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,645,229 shares. The stock had previously closed at $154.36.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group assumed coverage on ARM in a research note on Monday, November 25th. They issued a "buy" rating and a $160.00 target price on the stock. The Goldman Sachs Group boosted their target price on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Evercore ISI boosted their target price on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Mizuho boosted their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned 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.com, ARM currently has an average rating of "Moderate Buy" and an average price target of $162.83.

ARM Stock Performance

The business has a fifty day simple moving average of $147.65 and a 200 day simple moving average of $141.22. The stock has a market capitalization of $151.80 billion, a price-to-earnings ratio of 190.62, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARM. GeoWealth Management LLC grew its holdings in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after buying an additional 92 shares in the last quarter. Colonial Trust Co SC acquired a new position in ARM in the 4th quarter valued at $40,000. Berbice Capital Management LLC acquired a new position in ARM in the 4th quarter valued at $49,000. Quantbot Technologies LP acquired a new position in ARM in the 3rd quarter valued at $52,000. Finally, Farther Finance Advisors LLC lifted its position 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 period. 7.53% of the stock is owned by institutional investors and hedge funds.

About ARM

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.