Morgan Stanley Lowers ARM (NASDAQ:ARM) Price Target to $150.00

ARM (NASDAQ:ARM) had its price objective dropped by investment analysts at Morgan Stanley from $175.00 to $150.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 33.37% from the company’s current price.

Other research analysts have also issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Evercore ISI raised their price objective on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group lifted their target price on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Susquehanna increased their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Raymond James lifted their price objective on shares of ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average price target of $163.41.

ARM Trading Down 2.1 %

NASDAQ:ARM opened at $112.47 on Friday. The business’s 50-day moving average is $140.84 and its 200 day moving average is $140.69. ARM has a 12 month low of $85.61 and a 12 month high of $188.75. The company has a market capitalization of $117.85 billion, a P/E ratio of 147.99, a P/E/G ratio of 6.33 and a beta of 4.77.

Institutional Investors Weigh In On ARM

Several hedge funds have recently modified their holdings of the business. GeoWealth Management LLC raised its stake in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after buying an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of ARM in the 4th quarter worth $40,000. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter worth $49,000. Quantbot Technologies LP bought a new stake in ARM during the third quarter valued at about $52,000. Finally, Valley National Advisers Inc. boosted its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

About ARM

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.