ARM (NASDAQ:ARM) Price Target Raised to $155.00

ARM (NASDAQ:ARM) had its price objective boosted by Barclays from $145.00 to $155.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently commented on ARM. Wells Fargo & Company raised their target price on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Loop Capital lifted their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group began coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.09.

ARM Stock Performance

Shares of ARM opened at $149.26 on Friday. ARM has a twelve month low of $69.32 and a twelve month high of $188.75. The firm’s 50 day moving average price is $137.37 and its 200 day moving average price is $141.24. The firm has a market cap of $156.40 billion, a PE ratio of 248.77, a PEG ratio of 6.57 and a beta of 4.53.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. On average, sell-side analysts anticipate that ARM will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC bought a new position in ARM during the 3rd quarter worth $29,000. Gilliland Jeter Wealth Management LLC raised its position in shares of ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of ARM in the 3rd quarter worth about $52,000. Farther Finance Advisors LLC raised its position in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares in the last quarter. Finally, First Community Trust NA bought a new position in shares of ARM in the 3rd quarter worth about $70,000. 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.