ARM (NASDAQ:ARM) Earns "Hold" Rating from Benchmark

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "hold" rating restated by research analysts at Benchmark in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other research firms also recently issued reports on ARM. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday. KGI Securities initiated coverage on ARM in a report on Tuesday, April 15th. They issued a "neutral" rating on the stock. Bank of America dropped their target price on ARM from $180.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Susquehanna increased their price target on shares of ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group upped their price objective on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.67.

ARM Trading Down 0.6 %

Shares of ARM traded down $0.65 during midday trading on Thursday, hitting $115.87. 5,356,356 shares of the company's stock traded hands, compared to its average volume of 7,095,969. The stock has a market capitalization of $121.41 billion, a price-to-earnings ratio of 152.46, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. ARM has a 1 year low of $80.00 and a 1 year high of $188.75. The firm's fifty day moving average is $110.45 and its 200-day moving average is $132.09.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a return on equity of 11.94% and a net margin of 21.82%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.36 earnings per share. The company's quarterly revenue was up 33.7% on a year-over-year basis. On average, equities research analysts anticipate that ARM will post 0.9 EPS for the current year.

Institutional Trading of ARM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in ARM in the first quarter worth approximately $3,461,000. Deutsche Bank AG grew its holdings in shares of ARM by 13.8% during the 1st quarter. Deutsche Bank AG now owns 232,743 shares of the company's stock worth $24,855,000 after purchasing an additional 28,244 shares during the period. Monetta Financial Services Inc. acquired a new stake in shares of ARM during the 1st quarter worth about $534,000. Charles Schwab Investment Management Inc. raised its holdings in ARM by 26.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,079 shares of the company's stock valued at $3,533,000 after buying an additional 6,888 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after buying an additional 2,446,224 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

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.