Arm Holdings plc (NASDAQ:ARM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Arm Holdings plc (NASDAQ:ARMGet Free Report) have received an average rating of “Hold” from the twenty-seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company.

A number of analysts have recently commented on the company. Wells Fargo & Company upped their target price on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. JPMorgan Chase & Co. upped their target price on ARM from $70.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Evercore ISI dropped their target price on ARM from $156.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Sanford C. Bernstein upped their target price on ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, May 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Monday, May 6th.

Get Our Latest Analysis on ARM

ARM Price Performance

NASDAQ ARM opened at 114.64 on Tuesday. The stock has a fifty day moving average of 115.20 and a 200-day moving average of 96.13. ARM has a 52 week low of 46.50 and a 52 week high of 164.00.

ARM (NASDAQ:ARMGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, topping analysts’ consensus estimates of 0.30 by 0.06. ARM had a return on equity of 16.94% and a net margin of 9.46%. The business had revenue of 928.00 million during the quarter, compared to analysts’ expectations of 865.94 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts anticipate that ARM will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of ARM

Large investors have recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of ARM in the 1st quarter valued at about $25,000. Ancora Advisors LLC acquired a new stake in shares of ARM in the 3rd quarter valued at about $32,000. SOA Wealth Advisors LLC. acquired a new stake in shares of ARM in the 1st quarter valued at about $35,000. Bamco Inc. NY acquired a new stake in shares of ARM in the 3rd quarter valued at about $37,000. Finally, Naples Money Management LLC grew its stake in shares of ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after buying an additional 110 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Company Profile

(Get Free Report

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.

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Analyst Recommendations for ARM (NASDAQ:ARM)

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