ARM (NASDAQ:ARM) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of ARM (NASDAQ:ARM) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $160.00 price objective on the stock.

A number of other research analysts also recently commented on ARM. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, November 7th. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Hsbc Global Res raised ARM to a “moderate sell” rating in a research report on Monday, July 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of ARM in a research report on Thursday, August 1st. Finally, Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Price Performance

ARM stock opened at $139.68 on Monday. The stock’s fifty day moving average is $143.32 and its two-hundred day moving average is $141.12. The stock has a market cap of $146.36 billion, a PE ratio of 232.80, a P/E/G ratio of 6.79 and a beta of 5.40. ARM has a 1-year low of $60.37 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. On average, research analysts expect that ARM will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. increased its position in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock worth $36,366,000 after buying an additional 14,584 shares in the last quarter. Finally, Mark Asset Management LP grew its stake in ARM by 14.2% in the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Company Profile

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.