ARM (NASDAQ:ARM) Given Buy Rating at Rosenblatt Securities

Key Points

• ARM Holdings received a "buy" rating with a target price of $180 from Rosenblatt Securities, indicating a potential upside of 25.11% from its current stock price.
• In addition to Rosenblatt, several other analysts have upgraded their ratings and price targets for ARM, with UBS raising its target to $185 and Morgan Stanley to $194.
• ARM's latest quarterly earnings report showed a profit of $0.35 per share, slightly exceeding expectations, with revenue of $1.05 billion marking a year-over-year increase of 12.1%.

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $180.00 price target on the stock. Rosenblatt Securities' price target would indicate a potential upside of 25.11% from the stock's current price.

A number of other equities analysts have also recently commented on the stock. UBS Group lifted their target price on shares of ARM from $155.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group began coverage on shares of ARM in a research note on Thursday, July 10th. They issued a "neutral" rating and a $160.00 target price on the stock. Morgan Stanley increased their target price on shares of ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Loop Capital lowered their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.83.

ARM Stock Performance

ARM stock opened at $143.88 on Thursday. ARM has a 52 week low of $80.00 and a 52 week high of $182.88. The stock has a market capitalization of $152.01 billion, a P/E ratio of 197.79, a PEG ratio of 9.36 and a beta of 4.19. The stock has a 50-day simple moving average of $146.56 and a 200 day simple moving average of $134.48.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. ARM's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Research analysts forecast that ARM will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Several hedge funds and other institutional investors have recently bought and sold shares of ARM. Oliver Lagore Vanvalin Investment Group acquired a new position in ARM during the 2nd quarter worth $39,000. Brooklyn Investment Group acquired a new position in ARM during the first quarter valued at $28,000. GeoWealth Management LLC raised its position 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 during the period. TFC Financial Management Inc. raised its position 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 during the period. Finally, ORG Partners LLC acquired a new position in ARM in the 2nd quarter worth about $48,000. 7.53% of the stock is currently 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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