ARM (NASDAQ:ARM) Trading 4.3% Higher - Should You Buy?

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report)'s share price traded up 4.3% during trading on Tuesday . The company traded as high as $149.25 and last traded at $148.14. 2,113,655 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 6,535,795 shares. The stock had previously closed at $142.04.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. KeyCorp decreased their target price on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Benchmark reissued a "hold" rating on shares of ARM in a report on Monday, June 9th. Barclays decreased their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Guggenheim decreased their price objective on ARM from $180.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Stock Down 0.7%

The firm has a 50 day moving average of $124.70 and a 200 day moving average of $130.93. The firm has a market cap of $153.64 billion, a PE ratio of 193.39, a P/E/G ratio of 6.71 and a beta of 4.08.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. ARM's revenue for the quarter was up 33.7% on a year-over-year basis. On average, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Hedge Funds Weigh In On ARM

Institutional investors have recently bought and sold shares of the company. Tufton Capital Management lifted its position in shares of ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after acquiring an additional 65 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after acquiring an additional 85 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after acquiring an additional 96 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of ARM by 2.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock worth $608,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other 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.