Arm Holdings plc (NASDAQ:ARM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Arm Holdings plc (NASDAQ:ARM) has been given an average recommendation of “Moderate Buy” by the twenty-eight research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $162.83.

A number of research analysts recently issued reports on ARM shares. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Evercore ISI upped their price objective on shares of ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Citigroup lifted their price objective on shares of ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

Institutional Investors Weigh In On ARM

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schroder Investment Management Group lifted its stake in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock worth $327,088,000 after acquiring an additional 860,716 shares during the last quarter. FMR LLC raised its position in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company’s stock valued at $271,293,000 after purchasing an additional 133,034 shares in the last quarter. Franklin Resources Inc. lifted its position in ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in ARM by 1.9% during the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company’s stock valued at $109,644,000 after acquiring an additional 16,400 shares during the period. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ ARM opened at $154.36 on Thursday. The company has a market capitalization of $161.74 billion, a P/E ratio of 203.11, a price-to-earnings-growth ratio of 6.98 and a beta of 4.57. ARM has a 52-week low of $85.61 and a 52-week high of $188.75. The company’s 50 day moving average price is $147.73 and its 200-day moving average price is $140.91.

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.