UBS Group Boosts ARM (NASDAQ:ARM) Price Target to $185.00

ARM (NASDAQ:ARM - Get Free Report) had its price target hoisted by research analysts at UBS Group from $155.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 14.25% from the company's previous close.

A number of other equities research analysts have also recently weighed in on ARM. Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Bank of America dropped their price objective on shares of ARM from $144.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Morgan Stanley decreased their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $161.04.

ARM Price Performance

Shares of ARM stock traded up $5.18 on Monday, hitting $161.92. 5,440,362 shares of the stock traded hands, compared to its average volume of 6,018,169. The firm has a market cap of $171.07 billion, a price-to-earnings ratio of 215.89, a PEG ratio of 9.04 and a beta of 4.19. The firm has a 50 day simple moving average of $141.67 and a two-hundred day simple moving average of $133.37. ARM has a 52 week low of $80.00 and a 52 week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The company's quarterly revenue was up 33.7% compared to the same quarter last year. Sell-side analysts forecast that ARM will post 0.9 EPS for the current year.

Hedge Funds Weigh In On ARM

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after buying an additional 464,719 shares during the period. Artisan Partners Limited Partnership boosted its holdings in ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares during the last quarter. FMR LLC raised its position in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after acquiring an additional 133,034 shares in the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in shares of ARM in the first quarter valued at about $170,287,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.