ARM (NASDAQ:ARM) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of ARM (NASDAQ:ARM - Free Report) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $160.00 target price on the stock.

A number of other brokerages also recently commented on ARM. Barclays decreased their target price on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. TD Cowen cut their price objective on ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley decreased their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, UBS Group dropped their target price on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $154.00.

ARM Stock Performance

ARM stock traded up $0.53 during trading on Thursday, hitting $148.55. 3,644,194 shares of the company traded hands, compared to its average volume of 6,116,730. The company has a 50-day moving average of $137.39 and a 200-day moving average of $132.19. The firm has a market capitalization of $157.35 billion, a PE ratio of 139.64, a P/E/G ratio of 6.80 and a beta of 4.19. ARM has a 1 year low of $80.00 and a 1 year high of $187.28.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARM. TFC Financial Management Inc. grew 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. Brooklyn Investment Group bought a new stake in shares of ARM during the 1st quarter valued at $28,000. GeoWealth Management LLC increased its stake in shares of ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in ARM in the 1st quarter worth $34,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of ARM in the second quarter worth about $39,000. Institutional investors 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.