ARM (NASDAQ:ARM) Stock Price Down 5.2% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s share price dropped 5.2% during trading on Monday . The stock traded as low as $123.26 and last traded at $125.30. Approximately 4,554,383 shares were traded during trading, a decline of 55% from the average daily volume of 10,180,630 shares. The stock had previously closed at $132.15.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARM. Barclays upped their target price on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. UBS Group started coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price on the stock. The Goldman Sachs Group raised their price target on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Price Performance

The stock has a 50-day moving average price of $142.07 and a two-hundred day moving average price of $143.96. The stock has a market cap of $133.32 billion, a PE ratio of 212.05, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities research analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC bought a new stake in ARM during the 3rd quarter valued at $29,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares in the last quarter. Larson Financial Group LLC purchased a new stake in ARM in the second quarter worth about $47,000. Alta Advisers Ltd bought a new position in ARM during the 2nd quarter worth about $49,000. Finally, Quantbot Technologies LP purchased a new position in ARM during the third quarter valued at approximately $52,000. 7.53% of the stock is 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.