Barclays Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM - Get Free Report) had its price objective upped by Barclays from $145.00 to $155.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 3.85% from the stock's current price.

ARM has been the topic of several other research reports. The Goldman Sachs Group increased their target price on ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Loop Capital increased their price objective 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 lifted their target price on ARM from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Susquehanna upped their price target on shares of ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of ARM from $155.00 to $162.00 and gave the company an "overweight" rating in a report on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.09.

ARM Price Performance

ARM stock traded up $1.74 during mid-day trading on Friday, hitting $149.26. 3,187,993 shares of the company's stock traded hands, compared to its average volume of 4,464,271. ARM has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The stock has a market cap of $156.40 billion, a price-to-earnings ratio of 248.54, a P/E/G ratio of 6.57 and a beta of 4.53. The firm has a 50 day simple moving average of $137.33 and a two-hundred day simple moving average of $141.46.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. ARM's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, research analysts anticipate that ARM will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in ARM in the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after acquiring an additional 117 shares in the last quarter. Quantbot Technologies LP bought a new stake in ARM during the 3rd quarter worth $52,000. Farther Finance Advisors LLC increased its holdings in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after purchasing an additional 131 shares in the last quarter. Finally, First Community Trust NA bought a new position in ARM in the third quarter valued at about $70,000. 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.