Arm Holdings PLC Sponsored ADR (ARM) – What Are Analysts Thinking About This Stock?

Shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) have earned a consensus recommendation of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $303.32.

A number of analysts have weighed in on the company. Rosenblatt Securities decreased their price target on ARM from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and issued a $166.00 price objective on shares of ARM in a research report on Tuesday, August 25th. KeyCorp boosted their price objective on ARM from $300.00 to $430.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. TD Cowen cut their target price on ARM from $475.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Guggenheim restated a “buy” rating and set a $255.00 target price on shares of ARM in a research report on Thursday, July 30th.

ARM Stock Performance

NASDAQ:ARM opened at $228.05 on Tuesday. The firm’s fifty day moving average is $266.47 and its 200-day moving average is $270.79. ARM has a 52 week low of $100.02 and a 52 week high of $452.70. The firm has a market cap of $243.58 billion, a P/E ratio of 247.61, a P/E/G ratio of 6.76 and a beta of 3.78.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. ARM’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, sell-side analysts anticipate that ARM will post 1.15 earnings per share for the current year.

Insiders Place Their Bets

In other ARM news, CFO Jason Child sold 10,400 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the transaction, the chief financial officer directly owned 153,442 shares of the company’s stock, valued at approximately $46,032,600. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of ARM

Hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in ARM by 19.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,800 shares of the company’s stock valued at $2,549,000 after acquiring an additional 1,436 shares in the last quarter. SteelPeak Wealth LLC grew its stake in shares of ARM by 11.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 931 shares of the company’s stock worth $270,000 after acquiring an additional 92 shares in the last quarter. KRS Capital Management LLC grew its stake in shares of ARM by 8.4% in the 3rd quarter. KRS Capital Management LLC now owns 1,568 shares of the company’s stock worth $454,000 after acquiring an additional 121 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of ARM by 2.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 19,181 shares of the company’s stock worth $5,614,000 after acquiring an additional 507 shares in the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of ARM in the third quarter valued at about $407,000. Institutional investors own 7.53% of the company’s stock.

About ARM

Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company’s offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.