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

Shares of Arm Holdings plc (NASDAQ:ARM) have been assigned a consensus rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $121.56.

A number of equities analysts have recently weighed in on ARM shares. Citigroup boosted their price objective on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Loop Capital upped their price target on shares of ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley raised shares of ARM from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $107.00 to $190.00 in a research report on Friday, July 19th. TD Cowen upped their price target on shares of ARM from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upped their price target on shares of ARM from $145.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

ARM Trading Up 10.6 %

ARM stock opened at $118.43 on Friday. The company has a market cap of $124.10 billion and a P/E ratio of 129.27. ARM has a 52 week low of $46.50 and a 52 week high of $188.75. The company’s 50-day moving average price is $153.15 and its 200 day moving average price is $127.79.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $905.53 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue was up 39.1% on a year-over-year basis. On average, equities research analysts expect that ARM will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in ARM in the fourth quarter valued at about $480,194,000. Mubadala Investment Co PJSC bought a new stake in shares of ARM during the fourth quarter worth about $150,437,000. Wellington Management Group LLP grew its holdings in shares of ARM by 56.4% during the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after purchasing an additional 1,611,926 shares during the last quarter. Robeco Schweiz AG grew its holdings in shares of ARM by 220.3% during the fourth quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after purchasing an additional 1,465,000 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of ARM by 15.7% during the fourth quarter. Jennison Associates LLC now owns 7,346,660 shares of the company’s stock worth $552,065,000 after purchasing an additional 994,551 shares during 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.