ARM (NASDAQ:ARM) Given New $105.00 Price Target at Deutsche Bank Aktiengesellschaft

ARM (NASDAQ:ARM) had its target price lifted by Deutsche Bank Aktiengesellschaft from $82.00 to $105.00 in a research note released on Thursday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other analysts also recently weighed in on the company. Hsbc Global Res upgraded ARM to a moderate sell rating in a research report on Monday, July 29th. Bank of America upped their price objective on shares of ARM from $150.00 to $180.00 and gave the stock a buy rating in a research report on Monday, June 17th. Wells Fargo & Company boosted their target price on shares of ARM from $100.00 to $115.00 and gave the company an overweight rating in a research report on Monday, April 29th. Rosenblatt Securities reiterated a buy rating and set a $180.00 price target on shares of ARM in a research report on Thursday. Finally, Morgan Stanley upgraded shares of ARM from an equal weight rating to an overweight rating and boosted their price objective for the company from $107.00 to $190.00 in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of 118.80.

ARM Price Performance

ARM stock traded down 8.46 during mid-day trading on Thursday, hitting 104.99. 4,085,948 shares of the company’s stock traded hands, compared to its average volume of 12,848,820. ARM has a fifty-two week low of 46.50 and a fifty-two week high of 188.75. The stock has a market cap of $110.01 billion and a price-to-earnings ratio of 129.27. The firm has a 50 day simple moving average of 153.78 and a two-hundred day simple moving average of 127.51.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. RiverPark Advisors LLC lifted its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares during the last quarter. BOKF NA increased its holdings in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares during the last quarter. Comerica Bank lifted its holdings in ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after purchasing an additional 103 shares during the last quarter. Naples Money Management LLC grew its stake in 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 in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in ARM by 2.9% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock worth $645,000 after acquiring an additional 145 shares during the period. 7.53% of the stock is owned by institutional investors.

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.