ARM (NASDAQ:ARM) Stock Price Down 2.2% – What’s Next?

Arm Holdings plc (NASDAQ:ARM) shares dropped 2.2% during mid-day trading on Friday . The stock traded as low as $147.11 and last traded at $147.58. Approximately 863,919 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 6,542,721 shares. The stock had previously closed at $150.85.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ARM shares. Loop Capital increased their target price on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Raymond James increased their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities lifted their target price on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their target price on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Price Performance

The stock has a market cap of $151.80 billion, a price-to-earnings ratio of 190.62, a P/E/G ratio of 6.60 and a beta of 4.57. The business has a fifty day moving average of $147.65 and a 200 day moving average of $141.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GeoWealth Management LLC boosted its position in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the period. Colonial Trust Co SC bought a new stake in shares of ARM during the 4th quarter worth $40,000. Quantbot Technologies LP acquired a new position in ARM in the 3rd quarter valued at $52,000. Berbice Capital Management LLC bought a new position in ARM in the 4th quarter worth $49,000. Finally, Farther Finance Advisors LLC lifted 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 last quarter. 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.