ARM (NASDAQ:ARM) Trading 3.4% Higher - Time to Buy?

Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) rose 3.4% during trading on Wednesday . The company traded as high as $141.48 and last traded at $141.34. Approximately 994,808 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,411,283 shares. The stock had previously closed at $136.70.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of analyst reports. Loop Capital boosted their price target on ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group started coverage on ARM in a research report on Monday, November 25th. They issued a "buy" rating and a $160.00 target price on the stock. Benchmark reiterated a "hold" rating on shares of ARM in a research report on Thursday, February 6th. TD Cowen lifted their target price on ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their target price on 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, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ARM has a consensus rating of "Moderate Buy" and an average target price of $165.23.

ARM Stock Up 1.0 %

The stock has a 50 day moving average of $147.44 and a 200 day moving average of $142.08. The company has a market capitalization of $137.99 billion, a price-to-earnings ratio of 173.28, a price-to-earnings-growth ratio of 6.33 and a beta of 4.56.

Hedge Funds Weigh In On ARM

A number of hedge funds and other institutional investors have recently made changes to their positions in ARM. Louisiana State Employees Retirement System lifted its stake in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock worth $1,359,000 after acquiring an additional 100 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in ARM by 70.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 12,092 shares of the company's stock valued at $1,708,000 after buying an additional 5,003 shares during the period. Integrated Advisors Network LLC lifted its stake in ARM by 9.4% in the third quarter. Integrated Advisors Network LLC now owns 1,937 shares of the company's stock valued at $277,000 after buying an additional 167 shares during the period. Stephens Inc. AR lifted its stake in ARM by 312.9% in the third quarter. Stephens Inc. AR now owns 13,770 shares of the company's stock valued at $1,969,000 after buying an additional 10,435 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in ARM by 3.4% in the third quarter. Focus Financial Network Inc. now owns 3,814 shares of the company's stock valued at $545,000 after buying an additional 125 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Company Profile

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.