ARM (NASDAQ:ARM) Sees Strong Trading Volume – What’s Next?

Shares of Arm Holdings plc (NASDAQ:ARM) saw strong trading volume on Wednesday . 7,993,540 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 4,788,344 shares.The stock last traded at $180.52 and had previously closed at $155.20.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARM shares. Loop Capital increased their target price on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna increased their price objective on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Barclays increased their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Evercore ISI boosted their price objective on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.09.

ARM Price Performance

The business’s fifty day moving average is $137.82 and its 200-day moving average is $140.73. The firm has a market cap of $186.23 billion, a PE ratio of 295.36, a P/E/G ratio of 6.97 and a beta of 4.53.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business 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%. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Analysts forecast that Arm Holdings plc will post 0.84 EPS for the current year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently added to or reduced their stakes in ARM. Franklin Resources Inc. lifted its holdings in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of ARM by 186.8% in 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 acquiring an additional 233,909 shares during the period. Mark Asset Management LP grew its stake in ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares in the last quarter. Finally, State Street Corp increased its holdings in ARM by 19.2% during the 3rd quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after acquiring an additional 35,720 shares during the period. 7.53% of the stock is owned by hedge funds and other 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.