ARM Target of Unusually Large Options Trading (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM - Get Free Report) was the target of some unusual options trading on Thursday. Investors bought 95,165 call options on the stock. This is an increase of approximately 42% compared to the typical volume of 66,997 call options.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARM. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research note on Thursday, November 7th. Loop Capital upped their target price on ARM from $130.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group began coverage on ARM in a research report on Monday, November 25th. They set a "buy" rating and a $160.00 target price for the company. Finally, Benchmark began coverage on ARM in a research report on Monday, September 16th. They set a "hold" rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $150.32.

ARM Stock Up 3.4 %

NASDAQ:ARM traded up $4.84 on Thursday, reaching $148.00. The stock had a trading volume of 7,172,691 shares, compared to its average volume of 10,306,591. The company has a market capitalization of $155.08 billion, a P/E ratio of 238.60, a price-to-earnings-growth ratio of 7.03 and a beta of 4.71. ARM has a 1-year low of $62.75 and a 1-year high of $188.75. The stock has a fifty day moving average price of $142.56 and a 200-day moving average price of $143.03.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the prior year, the business earned $0.36 earnings per share. ARM's quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that ARM will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in shares of ARM during the second quarter worth approximately $33,000. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth approximately $29,000. RiverPark Advisors LLC raised its stake in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after buying an additional 77 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after buying an additional 117 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in ARM in the second quarter valued at approximately $47,000. 7.53% of the stock is owned by institutional investors.

ARM Company Profile

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.

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