ARM (NASDAQ:ARM) Trading 1.3% Higher - Still a Buy?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) shot up 1.3% on Wednesday . The stock traded as high as $148.25 and last traded at $146.29. 1,582,534 shares traded hands during trading, a decline of 68% from the average session volume of 5,013,202 shares. The stock had previously closed at $144.38.

Analysts Set New Price Targets

Several research firms have weighed in on ARM. Raymond James began coverage on shares of ARM in a research report on Friday, September 13th. They set an "outperform" rating and a $160.00 price objective on the stock. UBS Group assumed coverage on shares of ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 price target on the stock. Benchmark assumed coverage on shares of ARM in a report on Monday, September 16th. They set a "hold" rating on the stock. Susquehanna boosted their price target on shares of ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Loop Capital boosted their price target on shares of ARM from $130.00 to $180.00 and gave the company a "buy" rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $150.32.

ARM Stock Performance

The stock's 50-day simple moving average is $137.30 and its two-hundred day simple moving average is $142.09. The stock has a market cap of $152.15 billion, a price-to-earnings ratio of 242.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC bought a new position in shares of ARM during the 3rd quarter worth about $29,000. Gilliland Jeter Wealth Management LLC increased its stake in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after acquiring an additional 117 shares during the period. Alta Advisers Ltd bought a new stake in ARM in the second quarter valued at about $49,000. Quantbot Technologies LP bought a new stake in ARM in the third quarter valued at about $52,000. Finally, Farther Finance Advisors LLC increased its stake in ARM by 45.8% in the third 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. 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.