ARM (NASDAQ:ARM) Earns Outperform Rating from Analysts at William Blair

William Blair initiated coverage on shares of ARM (NASDAQ:ARM) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.

A number of other brokerages also recently weighed in on ARM. Benchmark began coverage on shares of ARM in a research note on Monday, September 16th. They set a hold rating for the company. Sanford C. Bernstein raised shares of ARM from an underperform rating to a market perform rating and boosted their target price for the stock from $92.00 to $100.00 in a research report on Wednesday, August 7th. Rosenblatt Securities reaffirmed a buy rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on shares of ARM from $110.00 to $143.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Finally, HSBC cut shares of ARM from a hold rating to a reduce rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $125.96.

ARM Stock Down 1.2 %

ARM stock opened at $138.90 on Wednesday. The company’s 50-day moving average price is $135.56 and its two-hundred day moving average price is $132.86. ARM has a twelve month low of $46.50 and a twelve month high of $188.75. The stock has a market cap of $145.54 billion and a P/E ratio of 145.57.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 39.1% compared to the same quarter last year. Equities analysts anticipate that ARM will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARM. Schroder Investment Management Group acquired a new stake in ARM during the 4th quarter worth $480,194,000. Wellington Management Group LLP lifted its position in ARM by 56.4% in the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after buying an additional 1,611,926 shares during the last quarter. Robeco Schweiz AG increased its stake in ARM by 220.3% during the fourth quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after purchasing an additional 1,465,000 shares during the period. Mubadala Investment Co PJSC purchased a new stake in ARM during the fourth quarter worth about $150,437,000. Finally, Capstone Investment Advisors LLC increased its stake in ARM by 362.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock worth $67,781,000 after purchasing an additional 707,000 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

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.