By otakuyassine3@gmail.com 
Arm Holdings plc (NASDAQ:ARM – Get Free Report) rose 1.5% during trading on Wednesday . The company traded as high as $146.64 and last traded at $144.95. Approximately 802,157 shares traded hands during trading, a decline of 92% from the average daily volume of 10,227,081 shares. The stock had previously closed at $142.80.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, November 7th. Evercore ISI boosted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their target price on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Benchmark started coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company began coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus price target of $150.32.
Get Our Latest Analysis on ARM
ARM Stock Performance
The stock has a market cap of $146.49 billion, a price-to-earnings ratio of 233.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The company’s 50 day simple moving average is $143.03 and its two-hundred day simple moving average is $143.94.
ARM (NASDAQ:ARM – Get Free Report) last posted 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 the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. ARM’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ARM
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings 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 worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. lifted its position in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after acquiring an additional 233,909 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the last quarter. Finally, Marsico Capital Management LLC bought a new position in shares of ARM in the 2nd quarter valued at approximately $33,207,000. 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.
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