ARM (NASDAQ:ARM) Price Target Raised to $195.00 at Jefferies Financial Group

ARM (NASDAQ:ARM) had its target price boosted by Jefferies Financial Group from $170.00 to $195.00 in a research report released on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on ARM. Loop Capital raised 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. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday. Evercore ISI lifted their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.17.

ARM Price Performance

ARM stock opened at $167.47 on Thursday. The stock has a market capitalization of $175.48 billion, a price-to-earnings ratio of 279.12, a PEG ratio of 7.46 and a beta of 4.56. ARM has a 1-year low of $72.25 and a 1-year high of $188.75. The business has a fifty day moving average price of $143.45 and a 200-day moving average price of $139.80.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of ARM during the 3rd quarter worth about $29,000. Gilliland Jeter Wealth Management LLC boosted its position 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 worth $37,000 after acquiring an additional 117 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter worth about $49,000. Quantbot Technologies LP acquired a new position in shares of ARM during the 3rd quarter worth about $52,000. Finally, Farther Finance Advisors LLC boosted its position in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.