Arm Holdings plc (NASDAQ:ARM) Receives Average Recommendation of “Moderate Buy” from Analysts

Arm Holdings plc (NASDAQ:ARM) has been assigned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $134.91.

ARM has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Sanford C. Bernstein upgraded ARM from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $92.00 to $100.00 in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, August 1st. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, August 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of ARM in a report on Thursday, August 1st.

Institutional Trading of ARM

A number of institutional investors have recently modified their holdings of ARM. Mark Sheptoff Financial Planning LLC bought a new stake in shares of ARM during the 1st quarter worth approximately $25,000. ORG Partners LLC bought a new stake in ARM during the third quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in shares of ARM in the 2nd quarter valued at $33,000. SOA Wealth Advisors LLC. bought a new position in shares of ARM in the 1st quarter valued at $35,000. Finally, RiverPark Advisors LLC raised its holdings in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Up 1.4 %

ARM stock opened at $154.60 on Friday. The company has a market cap of $162.00 billion and a price-to-earnings ratio of 396.42. ARM has a twelve month low of $46.50 and a twelve month high of $188.75. The business has a 50 day moving average price of $136.38 and a two-hundred day moving average price of $134.88.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm’s revenue was up 39.1% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, equities research analysts anticipate that ARM will post 0.86 EPS for the current fiscal year.

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.