ARM's (ARM) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "hold (c)" rating for ARM's stock, while other analysts such as BNP Paribas upgraded it to an "outperform" rating with a target price of $210.00.
• As of Wednesday, ARM traded at $166.77, reflecting an increase of $7.42, with a market capitalization of $176.19 billion.
• ARM reported a quarterly earnings of $0.35 EPS, beating analyst estimates, alongside revenue of $1.05 billion and a 12.1% year-over-year growth.

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on ARM. BNP Paribas upgraded ARM from a "neutral" rating to an "outperform" rating and increased their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. Rosenblatt Securities reiterated a "buy" rating and set a $180.00 price target on shares of ARM in a report on Thursday, July 31st. KeyCorp reissued an "overweight" rating and issued a $190.00 target price (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research report on Wednesday, July 16th. Finally, Evercore ISI increased their price objective on shares of ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.52.

ARM Stock Performance

Shares of ARM stock traded up $7.42 on Wednesday, hitting $166.77. 8,980,391 shares of the stock traded hands, compared to its average volume of 5,292,186. The firm's 50-day moving average price is $142.78 and its two-hundred day moving average price is $134.29. ARM has a twelve month low of $80.00 and a twelve month high of $182.88. The stock has a market capitalization of $176.19 billion, a PE ratio of 252.68, a PEG ratio of 9.50 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts anticipate that ARM will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On ARM

Several institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC increased its position in ARM by 45.3% in the first quarter. Park Avenue Securities LLC now owns 5,217 shares of the company's stock worth $557,000 after purchasing an additional 1,627 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of ARM by 85.7% during the first quarter. Farther Finance Advisors LLC now owns 1,616 shares of the company's stock worth $173,000 after purchasing an additional 746 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in ARM during the first quarter worth about $1,313,000. GPS Wealth Strategies Group LLC boosted its stake in ARM by 1.3% during the first quarter. GPS Wealth Strategies Group LLC now owns 22,467 shares of the company's stock worth $2,399,000 after buying an additional 296 shares during the period. Finally, Baker Chad R acquired a new stake in shares of ARM during the first quarter worth about $1,298,000. 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.

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