ARM’s (ARM) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of ARM (NASDAQ:ARM) in a research note published on Thursday morning, Benzinga reports.

Other equities research analysts have also issued reports about the company. Hsbc Global Res raised ARM to a moderate sell rating in a research report on Monday, July 29th. HSBC downgraded shares of ARM from a hold rating to a reduce rating in a research report on Monday, July 29th. Guggenheim raised their price objective on shares of ARM from $110.00 to $169.00 and gave the stock a buy rating in a report on Tuesday, June 25th. BNP Paribas lowered shares of ARM from an outperform rating to a neutral rating and set a $100.00 target price on the stock. in a research note on Friday, April 19th. Finally, TD Cowen lifted their price objective on ARM from $125.00 to $150.00 and gave the company a buy rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of 118.80.

ARM Stock Performance

ARM traded down 9.70 during trading on Thursday, hitting 103.75. The stock had a trading volume of 2,842,121 shares, compared to its average volume of 12,836,540. The company’s 50-day moving average price is 153.78 and its 200 day moving average price is 127.51. The firm has a market capitalization of $108.71 billion and a P/E ratio of 129.27. ARM has a twelve month low of 46.50 and a twelve month high of 188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported 0.40 earnings per share for the quarter, topping analysts’ consensus estimates of 0.35 by 0.05. The company had revenue of 939.00 million for the quarter, compared to analyst estimates of 905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, equities analysts expect that ARM will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Institutional investors have recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC bought a new stake in shares of ARM during the first quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in ARM during the second quarter worth approximately $33,000. RiverPark Advisors LLC raised its holdings in 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 during the period. Mather Group LLC. acquired a new position in ARM in the 2nd quarter worth approximately $41,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of ARM during the first quarter valued at $35,000. Institutional investors own 7.53% of the company’s stock.

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.