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

Key Points

• ARM Holdings PLC has received an average recommendation of "Moderate Buy" from 26 brokerages, with 18 analysts assigning a buy rating.
• The average 1-year price target for ARM stock stands at $168.52, with recent price targets set between $178.00 and $194.00 by different brokerages.
• In its latest quarterly earnings, ARM reported $0.35 earnings per share, slightly exceeding analyst expectations, with a revenue of $1.05 billion reflecting a year-over-year growth of 12.1%.

Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $168.5238.

A number of brokerages have issued reports on ARM. Guggenheim boosted their target price on ARM from $147.00 to $187.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Evercore ISI increased their target price on ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Morgan Stanley raised their target price on ARM from $150.00 to $194.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Benchmark reiterated a "hold" rating on shares of ARM in a research note on Monday, June 9th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ARM in a research note on Thursday, July 31st.

ARM Trading Up 1.2%

Shares of ARM opened at $152.15 on Friday. The company's 50-day moving average price is $143.24 and its 200 day moving average price is $133.41. ARM has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a market cap of $160.75 billion, a P/E ratio of 230.53, a price-to-earnings-growth ratio of 9.14 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. Equities research analysts forecast that ARM will post 0.9 earnings per share for the current year.

Institutional Trading of ARM

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in ARM by 1,576.6% in the first quarter. GAMMA Investing LLC now owns 24,562 shares of the company's stock valued at $26,230,000 after purchasing an additional 23,097 shares during the period. RFG Advisory LLC acquired a new stake in ARM in the 1st quarter valued at about $907,000. Lake Street Private Wealth LLC boosted its stake in shares of ARM by 21.2% in the 1st quarter. Lake Street Private Wealth LLC now owns 5,525 shares of the company's stock valued at $590,000 after buying an additional 965 shares during the period. Northwest Financial Advisors acquired a new position in shares of ARM during the first quarter worth about $258,000. Finally, StoneCrest Wealth Management Inc. increased its stake in shares of ARM by 69.3% during the first quarter. StoneCrest Wealth Management Inc. now owns 5,230 shares of the company's stock worth $559,000 after buying an additional 2,140 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

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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