Brokerages Set ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Target Price at $169.67

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $168.5238.

A number of research analysts have recently weighed in on ARM shares. Needham & Company LLC reissued a "hold" rating on shares of ARM in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on shares of ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Morgan Stanley increased their price objective on shares of ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $110.00 to $210.00 in a research report on Wednesday, July 16th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $180.00 price target on shares of ARM in a report on Thursday, July 31st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Haven Private LLC lifted its position in ARM by 0.9% in the second quarter. Haven Private LLC now owns 7,973 shares of the company's stock valued at $1,290,000 after buying an additional 74 shares during the last quarter. Chicago Capital LLC raised its stake in shares of ARM by 0.5% in the 2nd quarter. Chicago Capital LLC now owns 15,732 shares of the company's stock valued at $2,544,000 after acquiring an additional 79 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of ARM by 2.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock valued at $608,000 after acquiring an additional 96 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of ARM by 2.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,383 shares of the company's stock worth $709,000 after acquiring an additional 98 shares during the last quarter. Finally, Tufton Capital Management boosted its position in shares of ARM by 2.3% during the 2nd quarter. Tufton Capital Management now owns 4,525 shares of the company's stock worth $731,000 after purchasing an additional 100 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

ARM stock traded up $0.56 during mid-day trading on Monday, reaching $154.70. 6,333,117 shares of the company traded hands, compared to its average volume of 3,719,412. The firm's fifty day moving average is $145.12 and its two-hundred day moving average is $130.98. The company has a market capitalization of $163.44 billion, a price-to-earnings ratio of 234.39, a price-to-earnings-growth ratio of 10.30 and a beta of 4.17. ARM has a fifty-two week low of $80.00 and a fifty-two week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that ARM will post 0.9 earnings per share for the current 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.