ARM (NASDAQ:ARM) Trading Down 4.4% - Here's Why

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s share price was down 4.4% on Friday . The company traded as low as $138.02 and last traded at $138.85. Approximately 1,295,900 shares were traded during trading, a decline of 72% from the average daily volume of 4,694,972 shares. The stock had previously closed at $145.20.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ARM shares. UBS Group began coverage on shares of ARM in a report on Monday, November 25th. They issued a "buy" rating and a $160.00 price objective for the company. Sanford C. Bernstein lowered ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Loop Capital boosted their target price on ARM from $130.00 to $180.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, November 7th. Finally, Benchmark assumed coverage on shares of ARM in a research note on Monday, September 16th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.32.

ARM Trading Down 3.2 %

The firm's fifty day moving average price is $137.36 and its 200-day moving average price is $142.04. The company has a market cap of $147.21 billion, a price-to-earnings ratio of 234.15, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million during the quarter, compared to analysts' expectations of $810.03 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current year.

Institutional Trading of ARM

A number of institutional investors have recently modified their holdings of ARM. ORG Partners LLC acquired a new position in ARM during the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its holdings 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 valued at $37,000 after buying an additional 117 shares during the last quarter. Alta Advisers Ltd bought a new position in shares of ARM in the second quarter valued at $49,000. Quantbot Technologies LP acquired a new position in ARM during the third quarter worth $52,000. Finally, Farther Finance Advisors LLC raised its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after acquiring an additional 131 shares in 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.