ARM (NASDAQ:ARM) Stock Price Down 1.6% – What’s Next?

Arm Holdings plc (NASDAQ:ARM)’s stock price fell 1.6% during mid-day trading on Tuesday . The company traded as low as $155.65 and last traded at $156.98. 1,888,317 shares changed hands during trading, a decline of 72% from the average session volume of 6,763,901 shares. The stock had previously closed at $159.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. TD Cowen increased their price target on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their price objective on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Susquehanna upped their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

ARM Stock Performance

The firm’s fifty day moving average price is $147.79 and its 200 day moving average price is $140.98. The firm has a market cap of $158.07 billion, a P/E ratio of 198.49, a price-to-earnings-growth ratio of 7.01 and a beta of 4.57.

Institutional Trading of ARM

Hedge funds have recently bought and sold shares of the stock. GeoWealth Management LLC raised its position in shares of ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in ARM in the fourth quarter valued at about $40,000. Quantbot Technologies LP bought a new position in ARM in the third quarter worth about $52,000. Berbice Capital Management LLC bought a new stake in shares of ARM in the 4th quarter valued at about $49,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

About ARM

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.