ARM (NASDAQ:ARM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

ARM (NASDAQ:ARM) had its price target boosted by equities research analysts at Jefferies Financial Group from $170.00 to $195.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 12.55% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Loop Capital lifted their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $159.22.

ARM Trading Up 6.8 %

Shares of ARM stock opened at $173.26 on Thursday. The business’s 50 day simple moving average is $143.45 and its 200-day simple moving average is $139.80. The stock has a market capitalization of $181.55 billion, a price-to-earnings ratio of 288.77, a PEG ratio of 7.46 and a beta of 4.56. ARM has a twelve month low of $71.80 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. Sell-side analysts predict that ARM will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Modus Advisors LLC increased its holdings in ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the period. KP Management LLC boosted its stake in shares of ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares during the last quarter. XTX Topco Ltd increased its position in ARM by 150.1% in the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after buying an additional 3,893 shares in the last quarter. Willner & Heller LLC lifted its holdings in ARM by 193.7% in the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares in the last quarter. Finally, Avalon Global Asset Management LLC bought a new position in ARM during the third quarter valued at approximately $8,581,000. 7.53% of the stock is currently 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.