ARM Sees Unusually High Options Volume (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM - Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 74,067 call options on the stock. This is an increase of approximately 19% compared to the typical daily volume of 62,071 call options.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barclays increased their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. UBS Group assumed coverage on shares of ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 price objective on the stock. Susquehanna increased their price objective on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Sanford C. Bernstein lowered shares of ARM from a "market perform" rating to an "underperform" rating and set a $100.00 target price on the stock. in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $152.09.

ARM Price Performance

Shares of ARM traded up $24.73 during mid-day trading on Wednesday, hitting $179.93. 27,177,533 shares of the company's stock were exchanged, compared to its average volume of 6,473,535. The company has a market cap of $188.54 billion, a PE ratio of 299.89, a P/E/G ratio of 6.97 and a beta of 4.53. ARM has a 52 week low of $69.32 and a 52 week high of $188.75. The company has a 50-day simple moving average of $137.82 and a 200 day simple moving average of $140.73.

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

Hedge Funds Weigh In On ARM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in ARM during the third quarter worth $29,000. Gilliland Jeter Wealth Management LLC lifted its holdings 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 in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of ARM during the fourth quarter worth $49,000. Quantbot Technologies LP acquired a new stake in shares of ARM during the third quarter worth $52,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after buying an additional 131 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

About ARM

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.