Brokerages Set Arm Holdings plc (NASDAQ:ARM) PT at $121.56

Arm Holdings plc (NASDAQ:ARM) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $121.56.

ARM has been the subject of a number of research analyst reports. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. HSBC downgraded ARM from a “hold” rating to a “reduce” rating in a report on Monday, July 29th. Bank of America lifted their target price on ARM from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Citigroup upped their price target on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays lifted their price objective on ARM from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.

ARM Price Performance

NASDAQ ARM opened at $120.95 on Thursday. The stock’s 50 day simple moving average is $144.86 and its 200 day simple moving average is $132.81. ARM has a one year low of $46.50 and a one year high of $188.75. The firm has a market cap of $126.74 billion and a PE ratio of 140.35.

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

Institutional Trading of ARM

A number of large investors have recently bought and sold shares of ARM. Schroder Investment Management Group acquired a new position in shares of ARM in the fourth quarter valued at approximately $480,194,000. Wellington Management Group LLP increased its holdings in ARM by 56.4% during the 4th 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 in the last quarter. Robeco Schweiz AG raised its stake in shares of ARM by 220.3% in the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock valued at $160,059,000 after purchasing an additional 1,465,000 shares during the period. Mubadala Investment Co PJSC bought a new stake in shares of ARM in the fourth quarter valued at about $150,437,000. Finally, Capstone Investment Advisors LLC boosted its position in shares of ARM by 362.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock worth $67,781,000 after buying an additional 707,000 shares during the period. 7.53% of the stock is owned by institutional investors.

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.