ARM (NASDAQ:ARM) Shares Up 3.9% – Should You Buy?

Arm Holdings plc (NASDAQ:ARM) shot up 3.9% on Wednesday . The company traded as high as $133.11 and last traded at $131.79. 3,464,234 shares changed hands during trading, a decline of 66% from the average session volume of 10,172,099 shares. The stock had previously closed at $126.87.

Analyst Ratings Changes

ARM has been the topic of a number of recent analyst reports. Loop Capital upped their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen lifted their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Raymond James began coverage on shares of ARM in a research note on Friday, September 13th. They set an “outperform” rating and a $160.00 price target on the stock. Wells Fargo & Company began coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price objective for the company. Finally, Barclays raised their price target on shares of ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Stock Up 3.9 %

The business has a 50 day simple moving average of $140.99 and a 200-day simple moving average of $143.91. The company has a market capitalization of $138.09 billion, a P/E ratio of 219.65, a PEG ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last posted its 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 firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Equities analysts forecast that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARM. Franklin Resources Inc. boosted its stake in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of ARM by 14,351.1% during 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. raised its holdings in shares of ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Finally, Mark Asset Management LP increased its holdings in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after buying an additional 29,686 shares in the last quarter. 7.53% of the stock is currently owned by 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.