ARM (NASDAQ:ARM) Price Target Lowered to $155.00 at TD Cowen

ARM (NASDAQ:ARM - Free Report) had its price objective reduced by TD Cowen from $200.00 to $155.00 in a report issued on Thursday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Evercore ISI upped their target price on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. UBS Group reduced their price target on shares of ARM from $215.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Jefferies Financial Group lifted their price objective on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Benchmark restated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Finally, Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Two equities research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Stock Up 2.5%

NASDAQ:ARM traded up $3.06 during trading hours on Thursday, reaching $127.87. 5,414,605 shares of the stock were exchanged, compared to its average volume of 7,091,453. The stock has a market capitalization of $133.99 billion, a P/E ratio of 168.25, a P/E/G ratio of 6.33 and a beta of 4.39. The firm has a 50 day simple moving average of $110.45 and a 200-day simple moving average of $131.90. ARM has a 52 week low of $80.00 and a 52 week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm's revenue was up 33.7% compared to the same quarter last year. As a group, analysts expect that ARM will post 0.9 earnings per share for the current year.

Institutional Trading of ARM

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in ARM in the fourth quarter worth $181,000. Diversified Trust Co acquired a new position in shares of ARM during the 4th quarter valued at about $301,000. Watts Gwilliam & Co. LLC raised its stake in shares of ARM by 15.5% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 8,109 shares of the company's stock valued at $1,000,000 after acquiring an additional 1,088 shares in the last quarter. Crescent Sterling Ltd. lifted its holdings in ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company's stock worth $232,000 after purchasing an additional 114 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in ARM by 7.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the company's stock worth $1,004,000 after purchasing an additional 565 shares during the period. 7.53% of the stock is currently 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.