ARM (NASDAQ:ARM) Trading Down 6.4%

Arm Holdings plc (NASDAQ:ARM) shares were down 6.4% during trading on Monday . The stock traded as low as $96.88 and last traded at $106.15. Approximately 6,255,794 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 12,863,383 shares. The stock had previously closed at $113.45.

Analyst Ratings Changes

A number of research firms recently weighed in on ARM. Deutsche Bank Aktiengesellschaft increased their price target on ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on shares of ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price target on shares of ARM in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price target on shares of ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Citigroup upped their price objective on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.56.

ARM Trading Down 5.6 %

The company has a market capitalization of $112.21 billion and a P/E ratio of 129.27. The company’s fifty day moving average is $153.46 and its 200 day moving average is $128.01.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $939.00 million during 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% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. Equities research analysts predict that Arm Holdings plc will post 0.82 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of ARM in the first quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in shares of ARM in the 2nd quarter valued at about $33,000. RiverPark Advisors LLC boosted its position in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the last quarter. Mather Group LLC. bought a new position in shares of ARM in the second quarter worth approximately $41,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in ARM in the first quarter valued at approximately $35,000. 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.