ARM (NASDAQ:ARM) Earns “Hold” Rating from Benchmark

ARM (NASDAQ:ARM)‘s stock had its “hold” rating restated by investment analysts at Benchmark in a research note issued to investors on Thursday,Benzinga reports.

A number of other equities research analysts have also issued reports on ARM. Raymond James increased their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho increased their target price on ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI increased their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $162.17.

ARM Trading Down 3.7 %

NASDAQ:ARM traded down $6.48 on Thursday, hitting $166.78. 9,724,404 shares of the stock were exchanged, compared to its average volume of 7,157,057. The stock has a market cap of $174.75 billion, a PE ratio of 278.77, a PEG ratio of 7.46 and a beta of 4.56. The stock has a fifty day moving average of $143.45 and a 200-day moving average of $139.80. ARM has a fifty-two week low of $72.25 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, analysts predict that ARM will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in ARM during the 3rd quarter worth $29,000. Gilliland Jeter Wealth Management LLC boosted its position in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares during the period. Quantbot Technologies LP acquired a new position in ARM during the 3rd quarter worth $52,000. Berbice Capital Management LLC acquired a new position in ARM during the 4th quarter worth $49,000. Finally, Farther Finance Advisors LLC boosted its position in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares during the period. 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.