ARM (NASDAQ:ARM) Given New $150.00 Price Target at Morgan Stanley

ARM (NASDAQ:ARM) had its target price reduced by equities research analysts at Morgan Stanley from $175.00 to $150.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 39.15% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Mizuho boosted their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Citigroup lifted their price objective on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.41.

ARM Stock Down 4.2 %

Shares of ARM stock opened at $107.80 on Friday. The company’s fifty day simple moving average is $140.01 and its 200-day simple moving average is $140.66. The firm has a market cap of $112.96 billion, a PE ratio of 141.84, a P/E/G ratio of 6.33 and a beta of 4.77. ARM has a 12 month low of $85.61 and a 12 month high of $188.75.

Hedge Funds Weigh In On ARM

Several institutional investors have recently bought and sold shares of ARM. Advisors Asset Management Inc. raised its stake in shares of ARM by 147.2% in the third quarter. Advisors Asset Management Inc. now owns 2,652 shares of the company’s stock valued at $379,000 after buying an additional 1,579 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock worth $2,640,000 after acquiring an additional 8,707 shares during the last quarter. Cerity Partners LLC raised its stake in ARM by 141.2% in the 3rd quarter. Cerity Partners LLC now owns 12,013 shares of the company’s stock valued at $1,718,000 after acquiring an additional 7,033 shares during the period. Kingsview Wealth Management LLC lifted its holdings 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. Finally, Larson Financial Group LLC boosted its position in ARM by 259.0% during 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. Hedge funds and other 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.