ARM (NASDAQ:ARM) Trading Down 1.7% - Here's Why

Arm Holdings plc (NASDAQ:ARM - Get Free Report) shares fell 1.7% during mid-day trading on Wednesday . The company traded as low as $154.01 and last traded at $155.05. 1,076,842 shares traded hands during trading, a decline of 84% from the average session volume of 6,708,431 shares. The stock had previously closed at $157.74.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARM. Susquehanna increased their target price on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Barclays increased their target price on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They issued a "buy" rating and a $160.00 price target for the company. Loop Capital upped their price target on ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

ARM Price Performance

The company has a 50-day simple moving average of $147.04 and a two-hundred day simple moving average of $140.48. The stock has a market capitalization of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Creative Planning boosted its stake in ARM by 20.2% during the third quarter. Creative Planning now owns 37,982 shares of the company's stock valued at $5,432,000 after buying an additional 6,381 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of ARM by 72.5% in the 3rd quarter. Global Retirement Partners LLC now owns 3,478 shares of the company's stock valued at $497,000 after purchasing an additional 1,462 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of ARM by 12.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,552 shares of the company's stock valued at $2,081,000 after purchasing an additional 1,667 shares during the period. Claro Advisors LLC boosted its position in shares of ARM by 145.8% in the 3rd quarter. Claro Advisors LLC now owns 4,324 shares of the company's stock valued at $618,000 after purchasing an additional 2,565 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of ARM by 13.1% in the 3rd quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock valued at $209,000 after purchasing an additional 169 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.