Loop Capital Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price objective raised by research analysts at Loop Capital from $130.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target suggests a potential upside of 28.64% from the company’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley raised ARM from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $190.00 in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, August 8th. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Finally, TD Cowen raised their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target of $147.95.

ARM Trading Down 1.4 %

Shares of ARM opened at $139.92 on Monday. The firm’s 50-day moving average is $142.50 and its two-hundred day moving average is $138.88. The firm has a market capitalization of $146.61 billion, a P/E ratio of 233.44, a PEG ratio of 6.72 and a beta of 5.40. ARM has a twelve month low of $50.57 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Analysts predict that ARM will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. grew its position in shares of ARM by 205.8% in the 3rd quarter. Centaurus Financial Inc. now owns 4,162 shares of the company’s stock worth $595,000 after acquiring an additional 2,801 shares in the last quarter. Larson Financial Group LLC boosted its holdings in ARM by 259.0% in the third quarter. Larson Financial Group LLC now owns 1,041 shares of the company’s stock worth $149,000 after purchasing an additional 751 shares during the period. Kingsview Wealth Management LLC increased its stake in ARM by 20.4% during the third quarter. Kingsview Wealth Management LLC now owns 2,423 shares of the company’s stock valued at $347,000 after purchasing an additional 410 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of ARM by 141.2% during the third quarter. Cerity Partners LLC now owns 12,013 shares of the company’s stock worth $1,718,000 after purchasing an additional 7,033 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its position in shares of ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after buying an additional 102 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

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.