ARM (NASDAQ:ARM) Price Target Cut to $150.00 by Analysts at Morgan Stanley

ARM (NASDAQ:ARM) had its target price decreased by Morgan Stanley from $175.00 to $150.00 in a report released on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

ARM has been the subject of several other reports. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Jefferies Financial Group upped their price objective on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Finally, Barclays upped their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average target price of $163.41.

ARM Trading Down 4.2 %

Shares of ARM opened at $107.80 on Friday. ARM has a twelve month low of $85.61 and a twelve month high of $188.75. The firm has a market capitalization of $112.96 billion, a P/E ratio of 141.84, a PEG ratio of 6.33 and a beta of 4.77. The firm’s 50-day moving average is $140.01 and its two-hundred day moving average is $140.57.

Institutional Trading of ARM

Several institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its position in shares of 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 purchasing an additional 860,716 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in 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 buying an additional 791,392 shares during the last quarter. Schroder Investment Management Group raised its stake in ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after buying an additional 464,719 shares in the last quarter. Marshall Wace LLP bought a new position in ARM during the 4th quarter worth approximately $51,901,000. Finally, Banque Transatlantique SA acquired a new position in shares of ARM in the 4th quarter worth approximately $37,440,000. 7.53% of the stock is owned by institutional investors and hedge funds.

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.