Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) traded up 17.4% during mid-day trading on Wednesday . The company traded as high as $97.10 and last traded at $100.74. 4,929,969 shares were traded during mid-day trading, a decline of 35% from the average session volume of 7,528,259 shares. The stock had previously closed at $85.82.
Wall Street Analysts Forecast Growth
ARM has been the subject of a number of analyst reports. Barclays increased their target price on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. 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. Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Evercore ISI boosted their price objective on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $164.76.
Get Our Latest Research Report on ARM
ARM Price Performance
The firm's 50 day moving average price is $125.98 and its 200-day moving average price is $137.14. The stock has a market cap of $108.96 billion, a P/E ratio of 136.83, a P/E/G ratio of 6.33 and a beta of 4.48.
Institutional Trading of ARM
Several institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC lifted its holdings in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in ARM in the 4th quarter worth about $40,000. Berbice Capital Management LLC bought a new position in ARM during the 4th quarter valued at about $49,000. Valley National Advisers Inc. boosted its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after acquiring an additional 72 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of ARM in the fourth quarter worth approximately $83,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.
ARM Company Profile
(
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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.
Further Reading
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