ARM (NASDAQ:ARM) Given New $180.00 Price Target at Mizuho

ARM (NASDAQ:ARM - Get Free Report) had its price objective increased by equities research analysts at Mizuho from $160.00 to $180.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective would suggest a potential upside of 15.35% from the company's current price.

Several other analysts have also weighed in on the stock. Guggenheim lifted their price objective on shares of ARM from $147.00 to $187.00 and gave the company a "buy" rating in a research note on Monday. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, May 8th. Cfra Research upgraded ARM to a "hold" rating in a research note on Friday, March 21st. Loop Capital dropped their price target on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Rosenblatt Securities cut their price target on ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.67.

ARM Stock Down 0.2%

Shares of NASDAQ ARM opened at $156.05 on Thursday. The company has a market capitalization of $165.29 billion, a PE ratio of 206.17, a P/E/G ratio of 7.18 and a beta of 4.19. The firm has a fifty day simple moving average of $133.60 and a 200 day simple moving average of $131.75. ARM has a twelve month low of $80.00 and a twelve month high of $188.75.

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

Hedge Funds Weigh In On ARM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of ARM in the first quarter worth approximately $28,000. GeoWealth Management LLC boosted its position in ARM by 53.8% during the 4th 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. grew its holdings in ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 165 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of ARM in the first quarter valued at about $34,000. Finally, Colonial Trust Co SC bought a new position in shares of ARM during the fourth quarter valued at about $40,000. 7.53% of the stock is currently owned by institutional investors.

About ARM

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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