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

Arm Holdings plc (NASDAQ:ARM) has been assigned an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and fourteen have issued a buy recommendation on the company.

Several brokerages recently issued reports on ARM. Evercore ISI initiated coverage on shares of ARM in a research report on Tuesday, April 16th. They set an “outperform” rating and a $156.00 target price for the company. Barclays upped their price target on ARM from $65.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Mizuho lifted their price objective on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. upped their target price on shares of ARM from $70.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Rosenblatt Securities raised their target price on shares of ARM from $140.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, February 26th.

ARM Stock Up 4.1 %

Shares of ARM opened at 101.95 on Friday. ARM has a one year low of 46.50 and a one year high of 164.00. The business has a fifty day moving average of 125.07 and a 200 day moving average of 88.36.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analysts’ expectations of 762.50 million. ARM’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that ARM will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new position in shares of ARM during the 3rd quarter worth $219,000. Robeco Schweiz AG acquired a new stake in shares of ARM during the third quarter valued at about $35,591,000. American Century Companies Inc. acquired a new stake in shares of ARM during the third quarter valued at about $54,800,000. Citigroup Inc. purchased a new stake in shares of ARM in the 3rd quarter valued at approximately $344,000. Finally, UG Investment Advisers Ltd. acquired a new position in shares of ARM in the 3rd quarter worth approximately $3,568,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.