Benchmark Reiterates "Hold" Rating for ARM (NASDAQ:ARM)

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Benchmark in a report released on Monday,Benzinga reports.

Several other equities analysts have also recently weighed in on ARM. Bank of America dropped their price objective on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup cut their price objective on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Loop Capital cut their price target on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, UBS Group decreased their price objective on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Two 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Stock Up 2.7%

Shares of ARM stock opened at $133.11 on Monday. The company has a market capitalization of $141.00 billion, a PE ratio of 175.15, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08. The firm has a 50 day moving average price of $115.77 and a two-hundred day moving average price of $130.50. ARM has a 12-month low of $80.00 and a 12-month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The company's revenue was up 33.7% on a year-over-year basis. As a group, research analysts expect that ARM will post 0.9 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently made changes to their positions in ARM. Goldman Sachs Group Inc. boosted its holdings in ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after acquiring an additional 2,446,224 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after purchasing an additional 464,719 shares during the period. Artisan Partners Limited Partnership lifted its holdings in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after buying an additional 860,716 shares during the period. FMR LLC boosted its position in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after acquiring an additional 133,034 shares during the last quarter. Finally, Sustainable Growth Advisers LP acquired a new stake in ARM during the 1st quarter worth about $170,287,000. 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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