Bank of America Cuts ARM (NASDAQ:ARM) Price Target to $145.00

ARM (NASDAQ:ARM) had its price target decreased by Bank of America from $205.00 to $145.00 in a report issued on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, November 6th. Barclays raised their price objective on ARM from $115.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price objective on ARM from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, November 6th. Finally, Loop Capital boosted their price target on shares of ARM from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target of $178.30.

ARM Price Performance

Shares of ARM stock opened at $113.51 on Tuesday. The company’s 50 day moving average price is $148.76 and its two-hundred day moving average price is $147.04. The firm has a market capitalization of $119.92 billion, a P/E ratio of 145.53, a P/E/G ratio of 6.86 and a beta of 4.23. ARM has a fifty-two week low of $80.00 and a fifty-two week high of $183.16.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a return on equity of 15.03% and a net margin of 18.81%.The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, analysts expect that ARM will post 0.9 earnings per share for the current year.

Institutional Trading of ARM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of ARM by 126.0% in the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock worth $25,000 after acquiring an additional 97 shares in the last quarter. Huntington National Bank bought a new position in shares of ARM in the second quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of ARM during the third quarter valued at approximately $28,000. FWL Investment Management LLC bought a new stake in shares of ARM during the second quarter valued at approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in ARM in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

About ARM

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.