Barclays Has Lowered Expectations for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its target price lowered by Barclays from $125.00 to $115.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential downside of 0.75% from the company’s current price.

A number of other research analysts have also commented on ARM. Raymond James lowered their price objective on ARM from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday. Cfra Research raised shares of ARM to a “hold” rating in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Rosenblatt Securities decreased their price target on shares of ARM from $203.00 to $180.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley dropped their price objective on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.67.

ARM Stock Performance

Shares of NASDAQ ARM opened at $115.87 on Thursday. The stock has a market cap of $121.41 billion, a price-to-earnings ratio of 152.46, a PEG ratio of 6.33 and a beta of 4.39. The business has a 50 day simple moving average of $110.45 and a 200 day simple moving average of $132.16. ARM has a 52 week low of $80.00 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly 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. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. ARM’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. On average, analysts predict that ARM will post 0.9 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of ARM during the fourth quarter worth $181,000. Diversified Trust Co bought a new position in shares of ARM during the fourth quarter worth about $301,000. Watts Gwilliam & Co. LLC raised 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 valued at $1,000,000 after buying an additional 1,088 shares during the last quarter. Crescent Sterling Ltd. lifted its stake in ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock valued at $232,000 after acquiring an additional 114 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of ARM by 7.5% during the 4th quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the company’s stock worth $1,004,000 after buying 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.