BNP Paribas upgraded shares of ARM (NASDAQ:ARM - Free Report) from a neutral rating to a strong-buy rating in a report issued on Wednesday, MarketBeat Ratings reports. BNP Paribas currently has $210.00 price target on the stock, up from their prior price target of $110.00.
Several other analysts have also weighed in on the stock. Mizuho boosted their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. KeyCorp lowered their price target on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company lowered their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a research report on Wednesday. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.87.
View Our Latest Report on ARM
ARM Stock Performance
ARM stock traded down $0.44 during trading on Wednesday, reaching $156.74. The company had a trading volume of 4,865,492 shares, compared to its average volume of 6,024,745. The firm has a market capitalization of $165.60 billion, a price-to-earnings ratio of 208.99, a PEG ratio of 9.07 and a beta of 4.19. ARM has a 12-month low of $80.00 and a 12-month high of $182.88. The stock's 50 day moving average price is $141.67 and its two-hundred day moving average price is $133.26.
ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the company posted $0.36 earnings per share. ARM's revenue was up 33.7% compared to the same quarter last year. As a group, research analysts expect that ARM will post 0.9 earnings per share for the current year.
Institutional Investors Weigh In On ARM
Large investors have recently added to or reduced their stakes in the business. Chicago Capital LLC grew its holdings in shares of ARM by 0.5% during the 2nd quarter. Chicago Capital LLC now owns 15,732 shares of the company's stock worth $2,544,000 after purchasing an additional 79 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of ARM by 53.8% during 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. Cibc World Markets Corp grew its holdings in shares of ARM by 3.5% during the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after purchasing an additional 96 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of ARM by 2.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock worth $608,000 after purchasing an additional 96 shares in the last quarter. Finally, Viawealth LLC boosted its stake in ARM by 4.8% in the fourth quarter. Viawealth LLC now owns 2,200 shares of the company's stock valued at $271,000 after buying an additional 100 shares in the last quarter. Institutional investors own 7.53% of the company's stock.
ARM Company Profile
(
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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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