ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Receives $279.83 Consensus Target Price from Brokerages

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $279.8333.

Several equities analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of ARM in a research report on Tuesday, June 16th. New Street Research downgraded ARM from a “buy” rating to a “neutral” rating in a research report on Thursday, June 18th. Susquehanna boosted their target price on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research note on Thursday, April 16th. TD Cowen upped their price target on shares of ARM from $265.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th.

Insiders Place Their Bets

In other news, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. This trade represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Abbey sold 10,887 shares of ARM stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the sale, the insider directly owned 43,353 shares of the company’s stock, valued at $9,717,141.42. This represents a 20.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 248,205 shares of company stock worth $57,741,572.

Hedge Funds Weigh In On ARM

Several institutional investors have recently made changes to their positions in ARM. Syntax Research Inc. purchased a new stake in ARM in the first quarter worth about $30,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of ARM in the 1st quarter worth approximately $30,000. FWL Investment Management LLC bought a new position in shares of ARM during the second quarter valued at approximately $34,000. Cassaday & Co Wealth Management LLC purchased a new position in ARM during the first quarter valued at approximately $40,000. Finally, Mcguire Capital Advisors Inc. bought a new position in ARM in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $300.43 on Friday. The firm has a market capitalization of $320.88 billion, a P/E ratio of 357.65, a price-to-earnings-growth ratio of 11.70 and a beta of 3.76. ARM has a 1-year low of $100.02 and a 1-year high of $452.70. The company’s 50-day moving average is $311.37 and its 200 day moving average is $193.07.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The firm had revenue of $1.49 billion for the quarter. Research analysts anticipate that ARM will post 1.12 earnings per share for the current fiscal year.

ARM Company Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.