ARM (NASDAQ:ARM) Stock Price Down 4.4% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s stock price traded down 4.4% during trading on Friday . The company traded as low as $138.02 and last traded at $138.85. 1,295,900 shares traded hands during trading, a decline of 72% from the average session volume of 4,694,972 shares. The stock had previously closed at $145.20.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Susquehanna boosted their price objective on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Stock Down 3.2 %

The company has a market capitalization of $147.21 billion, a P/E ratio of 234.15, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. The business’s 50-day moving average is $137.36 and its two-hundred day moving average is $141.91.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. Analysts predict that Arm Holdings plc will post 0.79 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of hedge funds have recently modified their holdings of ARM. Franklin Resources Inc. grew its stake in ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares in the last quarter. International Assets Investment Management LLC increased its stake in ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. raised its position in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Finally, Mark Asset Management LP boosted its stake in ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares in the last quarter. 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.