ARM (NASDAQ:ARM) Price Target Cut to $180.00 by Analysts at Rosenblatt Securities

ARM (NASDAQ:ARM - Free Report) had its target price cut by Rosenblatt Securities from $203.00 to $180.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on ARM. Morgan Stanley dropped their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Loop Capital boosted their target price on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. The Goldman Sachs Group raised their target price on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Susquehanna upped their price target on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on ARM from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $154.67.

ARM Trading Down 0.6 %

ARM traded down $0.65 on Thursday, hitting $115.87. 5,356,356 shares of the company's stock were exchanged, compared to its average volume of 7,095,969. The stock has a fifty day moving average of $110.45 and a two-hundred day moving average of $132.09. ARM has a twelve month low of $80.00 and a twelve month high of $188.75. The firm has a market cap of $121.41 billion, a PE ratio of 152.46, a P/E/G ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. ARM's quarterly revenue was up 33.7% on a year-over-year basis. On average, analysts predict that ARM will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of ARM in the fourth quarter worth about $181,000. Diversified Trust Co bought a new position in ARM in the 4th quarter worth approximately $301,000. Watts Gwilliam & Co. LLC increased its position in ARM by 15.5% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 8,109 shares of the company's stock worth $1,000,000 after buying an additional 1,088 shares during the period. Crescent Sterling Ltd. boosted its position in shares of ARM by 6.5% in the fourth quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company's stock valued at $232,000 after acquiring an additional 114 shares during the period. Finally, Harbour Capital Advisors LLC grew its stake in shares of ARM by 7.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the company's stock worth $1,004,000 after acquiring an additional 565 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

About ARM

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.