ARM (NASDAQ:ARM) Posts Earnings Results, Misses Estimates By $0.10 EPS

ARM (NASDAQ:ARM) released its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.10), Zacks reports. ARM had a return on equity of 13.69% and a net margin of 18.13%.

ARM Trading Up 6.8 %

Shares of ARM traded up $11.06 on Wednesday, reaching $173.26. 12,195,177 shares of the company’s stock traded hands, compared to its average volume of 6,988,078. The stock’s 50 day simple moving average is $142.65 and its two-hundred day simple moving average is $139.57. The stock has a market cap of $181.55 billion, a PE ratio of 288.77, a PEG ratio of 7.46 and a beta of 4.56. ARM has a 52-week low of $71.80 and a 52-week high of $188.75.

Analysts Set New Price Targets

A number of equities analysts have commented on ARM shares. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Barclays raised their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Loop Capital raised their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, UBS Group began coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. Two research 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 stock. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

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.