ARM (NASDAQ:ARM) Price Target Lowered to $150.00 at Morgan Stanley

ARM (NASDAQ:ARM) had its target price lowered by research analysts at Morgan Stanley from $175.00 to $150.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 33.37% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Susquehanna increased their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Raymond James boosted their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Mizuho boosted their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Stock Down 2.1 %

Shares of NASDAQ ARM opened at $112.47 on Friday. The company has a 50 day moving average of $140.84 and a 200 day moving average of $140.69. ARM has a twelve month low of $85.61 and a twelve month high of $188.75. The firm has a market cap of $117.85 billion, a P/E ratio of 147.99, a PEG ratio of 6.33 and a beta of 4.77.

Institutional Trading of ARM

A number of hedge funds and other institutional investors have recently modified their holdings of ARM. Artisan Partners Limited Partnership boosted its holdings in ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock worth $327,088,000 after buying an additional 860,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after acquiring an additional 791,392 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock worth $376,782,000 after acquiring an additional 464,719 shares during the period. Marshall Wace LLP purchased a new stake in shares of ARM during the fourth quarter worth about $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in shares of ARM during the fourth quarter worth about $37,440,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.