Arm Holdings plc (NASDAQ:ARM) Receives Consensus Rating of "Hold" from Analysts

Shares of Arm Holdings plc (NASDAQ:ARM - Get Free Report) have been assigned an average rating of "Hold" from the twenty-seven analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating on the company.

Several equities analysts have recently weighed in on ARM shares. Rosenblatt Securities raised their price target on shares of ARM from $140.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. The Goldman Sachs Group raised their price target on shares of ARM from $95.00 to $108.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. KeyCorp raised their target price on shares of ARM from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Evercore ISI began coverage on shares of ARM in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $156.00 target price for the company. Finally, TD Cowen raised their target price on shares of ARM from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th.

ARM Stock Performance

ARM stock traded up 4.02 during mid-day trading on Friday, hitting 101.95. 5,625,700 shares of the company were exchanged, compared to its average volume of 14,613,002. The firm's 50 day simple moving average is 125.59 and its 200 day simple moving average is 87.57. ARM has a 1-year low of 46.50 and a 1-year high of 164.00.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analyst estimates of 762.50 million. The business's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts expect that ARM will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARM. SG Americas Securities LLC bought a new position in ARM in the third quarter valued at about $170,000. FengHe Fund Management Pte. Ltd. bought a new position in ARM in the third quarter valued at about $19,833,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of ARM during the third quarter worth about $375,000. Commonwealth Equity Services LLC bought a new stake in shares of ARM during the third quarter worth about $629,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of ARM during the third quarter worth about $107,000. Institutional investors own 7.53% of the company's stock.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.