Arm Holdings plc (NASDAQ:ARM) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $163.20.

A number of equities analysts have weighed in on ARM shares. Barclays cut their target price on shares of ARM from $155.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Rosenblatt Securities lifted their price target on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Cfra Research raised ARM to a "hold" rating in a report on Friday, March 21st. Finally, Morgan Stanley reduced their target price on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, March 28th.

ARM Price Performance

Shares of ARM opened at $121.95 on Tuesday. The firm has a market cap of $127.78 billion, a PE ratio of 160.46, a PEG ratio of 6.33 and a beta of 4.39. ARM has a 1 year low of $80.00 and a 1 year high of $188.75. The stock's fifty day moving average price is $110.98 and its two-hundred day moving average price is $132.79.

Institutional Investors Weigh In On ARM

Institutional investors have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership boosted its holdings in shares of ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after buying an additional 791,392 shares during the last quarter. Schroder Investment Management Group boosted its holdings in ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares in the last quarter. Marshall Wace LLP bought a new position in ARM in the 4th quarter worth $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in shares of ARM in the 4th quarter worth about $37,440,000. 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.

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