ARM (NASDAQ:ARM) Stock Price Up 4.3% - Still a Buy?

Arm Holdings plc (NASDAQ:ARM - Get Free Report)'s stock 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 were traded during 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 research firms have commented on ARM. KGI Securities assumed coverage on ARM in a report on Tuesday, April 15th. They issued a "neutral" rating for the company. Benchmark reissued a "hold" rating on shares of ARM in a report on Monday, June 9th. Morgan Stanley reduced their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Rosenblatt Securities lowered their price objective on shares of ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Barclays reduced their target price on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Price Performance

The company has a 50-day moving average of $121.41 and a 200 day moving average of $130.65. The company has a market cap of $153.90 billion, a PE ratio of 191.03, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating 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 company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $0.36 EPS. ARM's quarterly revenue was up 33.7% compared to the same quarter last year. Equities research analysts expect that Arm Holdings plc will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARM. TFC Financial Management Inc. grew its stake 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 in the last quarter. Brooklyn Investment Group purchased a new position in ARM during the 1st quarter worth $28,000. GeoWealth Management LLC raised 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 purchasing an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of ARM in the 1st quarter worth $34,000. Finally, Colonial Trust Co SC bought a new position in shares of ARM during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

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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