Barclays Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its target price hoisted by analysts at Barclays from $125.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 0.60% from the company’s previous close.

A number of other analysts also recently issued reports on ARM. Loop Capital raised their target price on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. TD Cowen lifted their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Finally, William Blair assumed coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average target price of $140.38.

ARM Trading Up 0.8 %

Shares of NASDAQ ARM opened at $145.88 on Thursday. The stock has a market cap of $152.86 billion, a PE ratio of 374.05, a P/E/G ratio of 6.45 and a beta of 5.40. ARM has a 12-month low of $49.82 and a 12-month high of $188.75. The company has a 50-day moving average of $141.27 and a 200 day moving average of $137.49.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that ARM will post 0.86 EPS for the current fiscal year.

Institutional Trading of ARM

Several hedge funds have recently added to or reduced their stakes in the company. RiverPark Advisors LLC raised its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after buying an additional 77 shares in the last quarter. Hexagon Capital Partners LLC lifted 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 last quarter. BOKF NA raised its stake in ARM by 33.3% during the 1st quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in ARM by 1.1% in the third 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 during the last quarter. Finally, Comerica Bank boosted its stake in ARM by 6.1% in the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.