ARM (NASDAQ:ARM) Stock Price Up 1.2% Following Analyst Upgrade

Arm Holdings plc (NASDAQ:ARM) shot up 1.2% during mid-day trading on Monday after Barclays raised their price target on the stock from $145.00 to $155.00. Barclays currently has an overweight rating on the stock. ARM traded as high as $151.60 and last traded at $149.26. 4,214,684 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 4,336,615 shares. The stock had previously closed at $147.52.

ARM has been the topic of a number of other reports. Loop Capital boosted their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Susquehanna boosted their target price on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, TD Cowen boosted 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, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.09.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of ARM in the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares during the period. Quantbot Technologies LP bought a new stake in shares of ARM in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC boosted its stake in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the period. Finally, First Community Trust NA bought a new stake in shares of ARM in the third quarter valued at approximately $70,000. Institutional investors own 7.53% of the company’s stock.

ARM Trading Up 1.2 %

The company has a market cap of $156.40 billion, a P/E ratio of 248.77, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53. The company has a 50 day moving average price of $137.37 and a 200-day moving average price of $141.05.

ARM (NASDAQ:ARM) last released its 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 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current 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.