ARM (NASDAQ:ARM) Trading Down 1% – Here’s Why

Shares of Arm Holdings plc (NASDAQ:ARM) were down 1% during mid-day trading on Monday . The company traded as low as $152.00 and last traded at $158.02. Approximately 2,076,918 shares changed hands during trading, a decline of 69% from the average daily volume of 6,748,009 shares. The stock had previously closed at $159.55.

Analysts Set New Price Targets

ARM has been the subject of a number of research reports. Loop Capital increased their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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 research note on Thursday, October 31st. TD Cowen raised their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average target price of $152.09.

ARM Price Performance

The business’s 50-day moving average is $142.65 and its two-hundred day moving average is $139.57. The firm has a market cap of $181.55 billion, a P/E ratio of 288.77, a P/E/G ratio of 7.46 and a beta of 4.56.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). ARM had a net margin of 18.13% and a return on equity of 13.69%. Equities research analysts predict that Arm Holdings plc will post 0.84 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after acquiring an additional 233,909 shares during the period. Franklin Resources Inc. grew its position in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of ARM during the fourth quarter worth approximately $22,705,000. Finally, UNICOM Systems Inc. acquired a new stake in ARM during the 4th quarter worth approximately $13,673,000. 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.