ARM (NASDAQ:ARM) Shares Up 5.5% – Should You Buy?

Shares of Arm Holdings plc (NASDAQ:ARM) rose 5.5% during mid-day trading on Friday . The stock traded as high as $161.81 and last traded at $161.61. Approximately 2,265,959 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 6,679,013 shares. The stock had previously closed at $153.23.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARM shares. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Barclays lifted their price target on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. TD Cowen raised their target price on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Loop Capital upped their price target on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.09.

ARM Trading Up 4.6 %

The business’s 50-day moving average price is $141.35 and its 200-day moving average price is $140.15. The stock has a market cap of $168.01 billion, a PE ratio of 265.75, a P/E/G ratio of 6.90 and a beta of 4.53.

ARM (NASDAQ:ARM) last issued its quarterly earnings results 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 business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, analysts predict that Arm Holdings plc will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of ARM during the third quarter worth about $29,000. Gilliland Jeter Wealth Management LLC increased its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter worth approximately $49,000. Quantbot Technologies LP purchased a new stake in ARM in the 3rd quarter valued at $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 valued at $60,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

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.