ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Given Average Recommendation of "Moderate Buy" by Brokerages

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $152.76.

ARM has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Bank of America reduced their target price on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. UBS Group reduced their target price on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley reduced their target price on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Loop Capital reduced their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.

Institutional Investors Weigh In On ARM

Institutional investors have recently bought and sold shares of the company. Truist Financial Corp acquired a new stake in shares of ARM during the fourth quarter worth $504,000. New York State Common Retirement Fund lifted its stake in shares of ARM by 132.7% during the fourth quarter. New York State Common Retirement Fund now owns 73,235 shares of the company's stock worth $9,034,000 after buying an additional 41,760 shares during the period. Private Advisor Group LLC lifted its stake in shares of ARM by 963.4% during the fourth quarter. Private Advisor Group LLC now owns 8,712 shares of the company's stock worth $1,075,000 after buying an additional 9,721 shares during the period. ING Groep NV lifted its stake in shares of ARM by 196.2% during the fourth quarter. ING Groep NV now owns 5,787 shares of the company's stock worth $714,000 after buying an additional 3,833 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of ARM during the fourth quarter worth $471,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Up 4.7%

Shares of NASDAQ ARM opened at $156.41 on Wednesday. ARM has a 12-month low of $80.00 and a 12-month high of $188.75. The stock has a market capitalization of $165.68 billion, a price-to-earnings ratio of 208.55, a P/E/G ratio of 6.86 and a beta of 4.08. The firm's 50-day moving average price is $126.63 and its 200-day moving average price is $131.04.

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, topping analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. On average, equities analysts predict 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.

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