ARM (NASDAQ:ARM) Research Coverage Started at Benchmark

Benchmark assumed coverage on shares of ARM (NASDAQ:ARMFree Report) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued a hold rating on the stock.

A number of other equities analysts also recently weighed in on ARM. Loop Capital boosted their price target on ARM from $120.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their price target on ARM from $82.00 to $105.00 and gave the company a hold rating in a research note on Thursday, August 1st. HSBC cut shares of ARM from a hold rating to a reduce rating in a research report on Monday, July 29th. Rosenblatt Securities reissued a buy rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, Guggenheim raised their target price on shares of ARM from $110.00 to $169.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $123.04.

Check Out Our Latest Research Report on ARM

ARM Stock Up 1.1 %

NASDAQ:ARM opened at $138.36 on Monday. ARM has a twelve month low of $46.50 and a twelve month high of $188.75. The firm has a market capitalization of $144.98 billion and a price-to-earnings ratio of 148.06. The stock’s 50 day moving average price is $137.06 and its two-hundred day moving average price is $132.80.

ARM (NASDAQ:ARMGet Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share 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 business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $905.53 million. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 39.1% on a year-over-year basis. As a group, analysts anticipate that ARM will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. RiverPark Advisors LLC grew its stake in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares during the last quarter. BOKF NA raised its position in ARM by 33.3% in the first quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after purchasing an additional 100 shares during the last quarter. Comerica Bank boosted its stake in shares of ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after purchasing an additional 103 shares in the last quarter. Naples Money Management LLC grew its holdings in shares of ARM by 47.8% during the first quarter. Naples Money Management LLC now owns 340 shares of the company’s stock worth $42,000 after purchasing an additional 110 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of ARM by 2.9% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock valued at $645,000 after buying an additional 145 shares during the period. Institutional investors own 7.53% of the company’s stock.

ARM Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ARM (NASDAQ:ARM)

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