Arm Holdings plc (NASDAQ:ARM) Given Consensus Recommendation of “Hold” by Analysts

Arm Holdings plc (NASDAQ:ARM) has received a consensus rating of “Hold” from the twenty-seven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and fourteen have given a buy recommendation to the company.

A number of research analysts have recently commented on the company. Daiwa Capital Markets cut ARM from a “buy” rating to a “neutral” rating and raised their target price for the company from $63.00 to $130.00 in a research note on Friday, February 16th. Wells Fargo & Company upped their target price on shares of ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp lifted their price target on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Mizuho upped their price objective on shares of ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ARM from $70.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 8th.

ARM Trading Down 2.0 %

NASDAQ:ARM opened at 101.21 on Friday. ARM has a twelve month low of 46.50 and a twelve month high of 164.00. The firm’s fifty day simple moving average is 124.15 and its 200 day simple moving average is 89.08.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analysts’ expectations of 762.50 million. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that ARM will post 0.36 EPS for the current year.

Institutional Investors Weigh In On ARM

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new position in shares of ARM in the 3rd quarter worth $219,000. Robeco Schweiz AG purchased a new position in ARM in the third quarter worth about $35,591,000. American Century Companies Inc. purchased a new position in ARM in the third quarter worth about $54,800,000. Citigroup Inc. bought a new stake in shares of ARM during the 3rd quarter valued at about $344,000. Finally, UG Investment Advisers Ltd. bought a new position in shares of ARM in the 3rd quarter worth approximately $3,568,000. Institutional investors own 7.53% of the company’s stock.

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.