ARM (NASDAQ:ARM) Trading Down 1% - Time to Sell?

Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) fell 1% on Wednesday . The stock traded as low as $130.48 and last traded at $131.73. 847,346 shares were traded during trading, a decline of 92% from the average session volume of 10,707,686 shares. The stock had previously closed at $133.06.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ARM shares. Raymond James assumed coverage on shares of ARM in a research report on Friday, September 13th. They set an "outperform" rating and a $160.00 price objective for the company. William Blair initiated coverage on ARM in a research note on Wednesday, September 18th. They issued an "outperform" rating on the stock. Barclays upped their price objective on ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Hsbc Global Res raised ARM to a "moderate sell" rating in a research report on Monday, July 29th. Finally, Daiwa America upgraded shares of ARM from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.95.

ARM Stock Performance

The firm has a fifty day simple moving average of $143.78 and a 200-day simple moving average of $140.30. The firm has a market cap of $138.18 billion, a price-to-earnings ratio of 219.55, a P/E/G ratio of 6.43 and a beta of 5.40.

ARM (NASDAQ:ARM - Get Free Report) last announced its 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. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ARM. Avantax Advisory Services Inc. acquired a new stake in ARM during the first quarter worth about $340,000. Blair William & Co. IL acquired a new stake in shares of ARM during the 1st quarter worth approximately $302,000. Acadian Asset Management LLC increased its stake in ARM by 606.7% in the first quarter. Acadian Asset Management LLC now owns 24,524 shares of the company's stock valued at $3,058,000 after acquiring an additional 21,054 shares during the last quarter. Crewe Advisors LLC bought a new stake in ARM during the first quarter worth $50,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of ARM in the 1st quarter valued at $267,000. 7.53% of the stock is owned by institutional investors.

About ARM

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.