ARM (NASDAQ:ARM) Now Covered by William Blair

William Blair assumed coverage on shares of ARM (NASDAQ:ARM) in a research note released on Wednesday, MarketBeat reports. The brokerage issued an outperform rating on the stock.

A number of other research analysts have also recently weighed in on ARM. Bank of America raised their price target on ARM from $150.00 to $180.00 and gave the company a buy rating in a research report on Monday, June 17th. Hsbc Global Res upgraded ARM to a moderate sell rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price objective on ARM from $110.00 to $143.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. HSBC cut ARM from a hold rating to a reduce rating in a research report on Monday, July 29th. Finally, Rosenblatt Securities reissued a buy rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $125.96.

ARM Trading Down 1.2 %

ARM stock opened at $138.90 on Wednesday. The company has a market capitalization of $145.54 billion and a P/E ratio of 145.57. ARM has a twelve month low of $46.50 and a twelve month high of $188.75. The business has a 50 day simple moving average of $135.56 and a 200-day simple moving average of $132.86.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same period last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. Research analysts predict that ARM will post 0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On ARM

A number of large investors have recently added to or reduced their stakes in ARM. Schroder Investment Management Group bought a new stake in ARM during the fourth quarter worth $480,194,000. Wellington Management Group LLP raised its position in ARM by 56.4% during the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after purchasing an additional 1,611,926 shares during the last quarter. Robeco Schweiz AG raised its position in ARM by 220.3% during the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after purchasing an additional 1,465,000 shares during the last quarter. Mubadala Investment Co PJSC bought a new position in ARM during the 4th quarter worth $150,437,000. Finally, Capstone Investment Advisors LLC raised its position in ARM by 362.6% during the 4th quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock worth $67,781,000 after purchasing an additional 707,000 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.