ARM (NASDAQ:ARM) Shares Down 3.2% - Time to Sell?

Arm Holdings plc (NASDAQ:ARM - Get Free Report) traded down 3.2% on Monday . The stock traded as low as $156.12 and last traded at $159.54. 6,068,253 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 7,368,904 shares. The stock had previously closed at $164.83.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho lifted their target price on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Rosenblatt Securities lifted their target price on ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of ARM in a report on Thursday, February 6th. Finally, Loop Capital lifted their target price on ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.83.

ARM Stock Down 2.3 %

The stock has a market capitalization of $158.07 billion, a PE ratio of 198.49, a PEG ratio of 7.01 and a beta of 4.57. The company has a 50-day moving average of $147.79 and a 200 day moving average of $140.98.

Institutional Trading of ARM

Several large investors have recently made changes to their positions in ARM. Artisan Partners Limited Partnership increased its position in shares of ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after purchasing an additional 791,392 shares in the last quarter. Schroder Investment Management Group increased its position in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of ARM during the fourth quarter worth approximately $51,901,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

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.