Arm Holdings plc (NASDAQ:ARM) Receives $152.76 Consensus Target Price from Analysts

Arm Holdings plc (NASDAQ:ARM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $152.76.

ARM has been the subject of several recent analyst reports. Loop Capital decreased their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Evercore ISI raised their target price on shares of ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. KeyCorp decreased their target price on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. TD Cowen decreased their target price on shares of ARM from $200.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, UBS Group decreased their target price on shares of ARM from $215.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, April 29th.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after acquiring an additional 2,446,224 shares in the last quarter. Schroder Investment Management Group raised its position in ARM by 17.9% during 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. Artisan Partners Limited Partnership raised its position in ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares in the last quarter. FMR LLC raised its position in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after acquiring an additional 133,034 shares in the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in ARM during the first quarter valued at approximately $170,287,000. Institutional investors own 7.53% of the company's stock.

ARM Stock Performance

Shares of NASDAQ:ARM traded up $1.52 during trading hours on Friday, hitting $126.06. 3,285,033 shares of the company's stock traded hands, compared to its average volume of 6,884,395. ARM has a 52 week low of $80.00 and a 52 week high of $188.75. The company's fifty day simple moving average is $113.79 and its two-hundred day simple moving average is $130.56. The company has a market cap of $132.09 billion, a price-to-earnings ratio of 165.87, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.36 EPS. The business's revenue for the quarter was up 33.7% on a year-over-year basis. On average, analysts anticipate that ARM will post 0.9 EPS for the current fiscal year.

ARM Company Profile

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.