Arm Holdings plc (NASDAQ:ARM) Receives $164.76 Average Target Price from Brokerages

Arm Holdings plc (NASDAQ:ARM) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $164.76.

A number of equities research analysts recently commented on ARM shares. Cfra Research raised ARM to a “hold” rating in a research report on Friday, March 21st. Mizuho increased their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Rosenblatt Securities upped their price objective on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

Institutional Investors Weigh In On ARM

Several institutional investors have recently added to or reduced their stakes in ARM. GeoWealth Management LLC raised its holdings in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares during the period. Colonial Trust Co SC purchased a new position in shares of ARM in the fourth quarter valued at $40,000. Berbice Capital Management LLC purchased a new stake in ARM during the 4th quarter worth about $49,000. Valley National Advisers Inc. boosted its stake in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares during the period. Finally, MCF Advisors LLC bought a new stake in shares of ARM during the fourth quarter valued at about $83,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Up 3.5 %

Shares of ARM stock opened at $103.99 on Friday. The company has a market cap of $108.96 billion, a PE ratio of 136.83, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. ARM has a 52 week low of $80.00 and a 52 week high of $188.75. The business has a 50 day moving average price of $125.98 and a 200-day moving average price of $137.06.

ARM Company Profile

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.