ARM (NASDAQ:ARM) Trading Down 3.3% – What’s Next?

Arm Holdings plc (NASDAQ:ARM) traded down 3.3% during mid-day trading on Tuesday . The company traded as low as $140.17 and last traded at $142.51. 2,657,124 shares were traded during mid-day trading, a decline of 47% from the average session volume of 5,029,801 shares. The stock had previously closed at $147.41.

Analysts Set New Price Targets

Several analysts have recently commented on ARM shares. TD Cowen raised their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, November 7th. William Blair assumed coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.32.

ARM Stock Performance

The stock has a market cap of $152.15 billion, a P/E ratio of 242.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. The company’s fifty day moving average price is $137.30 and its 200-day moving average price is $142.09.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of ARM in the third quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC raised its stake in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares in the last quarter. Alta Advisers Ltd purchased a new position in shares of ARM in the 2nd quarter valued at $49,000. Quantbot Technologies LP bought a new position in shares of ARM in the 3rd quarter worth $52,000. Finally, Farther Finance Advisors LLC boosted its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

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.