ARM (NASDAQ:ARM) Given Hold (C) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for ARM, indicating a cautious stance on the stock's performance.
• Multiple research firms have issued revised price targets for ARM, with Wells Fargo increasing its target to $190.00 and Mizuho to $180.00, reflecting positive sentiment among analysts.
• ARM's stock performed well on Friday, trading up to $170.68, with a market capitalization of $180.33 billion and a PE ratio of 258.61.

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company boosted their price objective on ARM from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James Financial boosted their price objective on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Mizuho boosted their price objective on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, July 31st. Finally, KeyCorp reissued an "overweight" rating and issued a $190.00 price target (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $168.14.

ARM Price Performance

ARM stock traded up $4.08 during midday trading on Friday, reaching $170.68. 3,627,665 shares of the stock were exchanged, compared to its average volume of 5,357,667. The stock has a market capitalization of $180.33 billion, a PE ratio of 258.61, a P/E/G ratio of 10.41 and a beta of 4.10. ARM has a 52 week low of $80.00 and a 52 week high of $182.88. The company has a fifty day moving average price of $149.14 and a 200 day moving average price of $139.11.

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 analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.ARM's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, analysts anticipate that ARM will post 0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several large investors have recently added to or reduced their stakes in ARM. GAMMA Investing LLC grew its stake in ARM by 126.0% during the third quarter. GAMMA Investing LLC now owns 174 shares of the company's stock worth $25,000 after purchasing an additional 97 shares during the period. TFC Financial Management Inc. grew its stake in ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 165 shares during the period. Brooklyn Investment Group acquired a new stake in ARM during the first quarter worth approximately $28,000. Huntington National Bank acquired a new stake in ARM during the second quarter worth approximately $30,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in ARM during the first quarter worth approximately $34,000. Institutional investors and hedge funds 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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