ARM (NASDAQ:ARM - Get Free Report) was downgraded by equities research analysts at BNP Paribas from an "outperform" rating to a "neutral" rating in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $100.00 price objective on the stock.
ARM has been the subject of a number of other research reports. Evercore ISI began coverage on ARM in a research report on Tuesday. They set an "outperform" rating and a $156.00 price target for the company. Rosenblatt Securities boosted their target price on ARM from $140.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. The Goldman Sachs Group boosted their target price on ARM from $95.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Barclays upped their price target on ARM from $65.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Finally, Mizuho upped their price target on ARM from $100.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of 90.28.
Read Our Latest Stock Analysis on ARM
ARM Price Performance
Shares of NASDAQ ARM traded down 17.73 during trading on Friday, reaching 87.19. The stock had a trading volume of 29,371,699 shares, compared to its average volume of 14,917,236. ARM has a one year low of 46.50 and a one year high of 164.00. The firm's 50 day moving average price is 129.00 and its two-hundred day moving average price is 86.11.
ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating analysts' consensus estimates of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to the consensus estimate of 762.50 million. The company's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that ARM will post 0.36 earnings per share for the current year.
Institutional Trading of ARM
Hedge funds have recently added to or reduced their stakes in the business. JTC Employer Solutions Trustee Ltd raised its holdings in ARM by 14.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 1,550 shares of the company's stock valued at $195,000 after acquiring an additional 200 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in ARM in the 1st quarter valued at approximately $35,000. PNC Financial Services Group Inc. raised its holdings in ARM by 47.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,526 shares of the company's stock valued at $115,000 after acquiring an additional 494 shares in the last quarter. Hoey Investments Inc. acquired a new position in ARM in the 3rd quarter valued at approximately $27,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ARM by 49.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,555 shares of the company's stock valued at $117,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 7.53% of the company's stock.
About ARM
(
Get Free Report)
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.
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