ARM (NASDAQ:ARM) Trading 0.9% Higher – Should You Buy?

by · The Markets Daily

Shares of Arm Holdings plc (NASDAQ:ARM – Get Free Report) shot up 0.9% during mid-day trading on Friday . The stock traded as high as $133.61 and last traded at $133.28. 1,465,053 shares were traded during mid-day trading, a decline of 86% from the average session volume of 10,188,211 shares. The stock had previously closed at $132.10.

Analyst Ratings Changes

Several research firms have weighed in on ARM. Susquehanna raised their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. TD Cowen increased 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. William Blair began coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Finally, Barclays boosted their price objective on ARM from $125.00 to $145.00 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 given 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.com, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $150.32.

View Our Latest Analysis on ARM

ARM Stock Up 1.0 %

The stock has a market cap of $139.83 billion, a PE ratio of 222.42, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The stock has a 50-day moving average of $142.45 and a 200 day moving average of $143.80.

ARM (NASDAQ:ARM – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The company 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%. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, equities analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARM. B. Riley Wealth Advisors Inc. boosted its holdings in shares of ARM by 7.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company’s stock worth $683,000 after purchasing an additional 337 shares during 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 worth $183,265,000 after buying an additional 228,467 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of ARM during the 3rd quarter valued at approximately $419,000. Virtu Financial LLC acquired a new position in shares of ARM in the 3rd quarter valued at $1,163,000. Finally, Hobbs Group Advisors LLC increased its position in shares of ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Company Profile

(Get Free Report)

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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