ARM (NASDAQ:ARM) Given New $195.00 Price Target at Jefferies Financial Group

ARM (NASDAQ:ARM) had its price objective lifted by Jefferies Financial Group from $170.00 to $195.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 12.55% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday. Mizuho lifted their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus target price of $159.22.

ARM Stock Performance

Shares of NASDAQ ARM opened at $173.26 on Thursday. 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 $71.80 and a fifty-two week high of $188.75. The stock has a market cap of $181.55 billion, a PE ratio of 288.77, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (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 net margin of 18.13% and a return on equity of 13.69%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. On average, sell-side analysts predict that ARM will post 0.84 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of ARM during the 3rd quarter worth $29,000. Gilliland Jeter Wealth Management LLC boosted its position in ARM by 83.0% during the third 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 last quarter. Quantbot Technologies LP purchased a new stake in shares of ARM in the third quarter valued at $52,000. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter valued at about $49,000. Finally, Farther Finance Advisors LLC raised its stake in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors 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.