ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Receives Consensus Rating of "Moderate Buy" from Brokerages

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $158.87.

Several equities analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on ARM in a research note on Thursday, July 10th. They set a "neutral" rating and a $160.00 price target on the stock. KeyCorp lowered their price target on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Bank of America reduced their price objective on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group reduced their price objective on ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Barclays reduced their price target on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th.

ARM Price Performance

ARM stock opened at $156.74 on Friday. ARM has a 1-year low of $80.00 and a 1-year high of $182.88. The company has a market capitalization of $165.60 billion, a price-to-earnings ratio of 208.99, a PEG ratio of 9.04 and a beta of 4.19. The business has a 50 day simple moving average of $141.67 and a two-hundred day simple moving average of $133.33.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 17.97% and a net margin of 19.76%. The company's quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Sell-side analysts anticipate that ARM will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On ARM

Hedge funds have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in ARM in the second quarter valued at $39,000. Brooklyn Investment Group acquired a new stake in ARM during the first quarter valued at approximately $28,000. GeoWealth Management LLC raised its stake in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after buying an additional 92 shares in the last quarter. TFC Financial Management Inc. raised its stake in ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after buying an additional 165 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of ARM during the second quarter valued at approximately $48,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

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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