By otakuyassine3@gmail.com 
Arm Holdings plc (NASDAQ:ARM – Get Free Report) shares were down 2% during trading on Thursday . The stock traded as low as $133.11 and last traded at $133.83. Approximately 1,822,670 shares were traded during trading, a decline of 82% from the average daily volume of 10,206,257 shares. The stock had previously closed at $136.56.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 31st. William Blair began coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Evercore ISI raised their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group assumed coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.32.
Check Out Our Latest Stock Analysis on ARM
ARM Price Performance
The company has a market cap of $138.47 billion, a price-to-earnings ratio of 220.25, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The business’s fifty day moving average price is $142.07 and its 200 day moving average price is $143.84.
ARM (NASDAQ:ARM – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million for 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. As a group, equities research analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current year.
Institutional Investors Weigh In On ARM
A number of institutional investors have recently modified their holdings of the company. RiverPark Advisors LLC increased its holdings in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares in the last quarter. Hobbs Group Advisors LLC lifted its position in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after acquiring an additional 100 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after acquiring an additional 102 shares in the last quarter. 7.53% of the stock is owned by 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.
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