ARM (NASDAQ:ARM) Now Covered by Royal Bank Of Canada

Royal Bank Of Canada started coverage on shares of ARM (NASDAQ:ARM) in a report published on Wednesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $140.00 price objective on the stock.

ARM has been the topic of a number of other research reports. The Goldman Sachs Group cut shares of ARM from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $160.00 to $120.00 in a report on Monday, December 15th. JPMorgan Chase & Co. boosted their price objective on ARM from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Loop Capital raised their target price on ARM from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Bank of America reaffirmed a “neutral” rating and set a $120.00 target price on shares of ARM in a research note on Tuesday. Finally, KeyCorp raised their price target on ARM from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.05.

ARM Stock Up 1.5%

Shares of ARM stock opened at $106.73 on Wednesday. The company has a market cap of $112.76 billion, a P/E ratio of 137.69, a PEG ratio of 6.29 and a beta of 4.34. The business has a 50 day moving average of $126.29 and a two-hundred day moving average of $142.71. ARM has a 52 week low of $80.00 and a 52 week high of $183.16.

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

Institutional Investors Weigh In On ARM

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

About ARM

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.