ARM (NASDAQ:ARM) Trading Up 1.6% – Time to Buy?

by · The Cerbat Gem

Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Get Free Report) were up 1.6% during trading on Monday . The stock traded as high as $159.32 and last traded at $154.84. Approximately 3,196,969 shares changed hands during trading, a decline of 40% from the average daily volume of 5,313,017 shares. The stock had previously closed at $152.38.

Analysts Set New Price Targets

Several analysts have recently weighed in on ARM shares. Morgan Stanley lowered their price objective on shares of ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. TD Cowen upped their price objective on shares of ARM from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $180.00 target price on shares of ARM in a research note on Thursday. UBS Group dropped their price target on ARM from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, KeyCorp raised their price objective on ARM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.55.

View Our Latest Report on ARM

ARM Stock Performance

The company has a market cap of $163.59 billion, a price-to-earnings ratio of 198.51, a price-to-earnings-growth ratio of 9.40 and a beta of 4.11. The stock’s fifty day moving average is $155.38 and its two-hundred day moving average is $145.04.

ARM (NASDAQ:ARM – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a return on equity of 15.03% and a net margin of 18.81%.The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Hedge Funds Weigh In On ARM

A number of hedge funds have recently bought and sold shares of ARM. Swedbank AB purchased a new stake in shares of ARM during the first quarter valued at approximately $18,667,000. Integrated Wealth Concepts LLC increased its position in shares of ARM by 24.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company’s stock valued at $1,118,000 after purchasing an additional 2,025 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ARM by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company’s stock worth $11,505,000 after purchasing an additional 11,953 shares during the period. Global X Japan Co. Ltd. boosted its holdings in shares of ARM by 638.4% in the 2nd quarter. Global X Japan Co. Ltd. now owns 80,239 shares of the company’s stock worth $12,978,000 after buying an additional 69,372 shares during the last quarter. Finally, Hoey Investments Inc. grew its position in ARM by 159.3% during the second quarter. Hoey Investments Inc. now owns 15,206 shares of the company’s stock valued at $2,459,000 after buying an additional 9,341 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

About ARM

(Get Free Report)

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.

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