ARM's (ARM) "Buy" Rating Reiterated at Rosenblatt Securities

ARM (NASDAQ:ARM - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Rosenblatt Securities in a research note issued on Monday, Benzinga reports. They currently have a $180.00 price target on the stock.

A number of other brokerages also recently issued reports on ARM. New Street Research restated a "neutral" rating and set a $110.00 price target on shares of ARM in a report on Tuesday, February 27th. Daiwa Capital Markets cut ARM from a "buy" rating to a "neutral" rating and raised their target price for the company from $63.00 to $130.00 in a report on Friday, February 16th. KeyCorp increased their price target on shares of ARM from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. BNP Paribas lowered shares of ARM from an "outperform" rating to a "neutral" rating and set a $100.00 target price on the stock. in a report on Friday, April 19th. Finally, Evercore ISI initiated coverage on shares of ARM in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $156.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of 92.08.

ARM Trading Up 5.2 %

Shares of ARM stock traded up 5.28 during mid-day trading on Monday, hitting 106.98. 7,489,200 shares of the stock were exchanged, compared to its average volume of 13,964,930. The firm has a fifty day moving average of 121.56 and a 200 day moving average of 90.46. ARM has a 52-week low of 46.50 and a 52-week high of 164.00.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating analysts' consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million during the quarter, compared to analysts' expectations of 762.50 million. The firm's revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that ARM will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently made changes to their positions in the company. Jennison Associates LLC grew its stake in shares of ARM by 15.7% in the fourth quarter. Jennison Associates LLC now owns 7,346,660 shares of the company's stock worth $552,065,000 after purchasing an additional 994,551 shares during the last quarter. Schroder Investment Management Group acquired a new position in ARM in the fourth quarter valued at $480,194,000. FMR LLC acquired a new position in ARM in the third quarter valued at $242,812,000. Wellington Management Group LLP lifted its holdings in ARM by 56.4% in the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company's stock valued at $335,802,000 after buying an additional 1,611,926 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of ARM during the third quarter valued at about $143,092,000. 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.