ARM (NASDAQ:ARM) Price Target Raised to $180.00 at Loop Capital

ARM (NASDAQ:ARM) had its price target boosted by Loop Capital from $130.00 to $180.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. TD Cowen boosted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Susquehanna increased their price objective on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average target price of $147.95.

ARM Stock Up 0.9 %

Shares of NASDAQ:ARM opened at $136.35 on Monday. The stock has a market capitalization of $142.87 billion, a PE ratio of 228.02, a price-to-earnings-growth ratio of 6.39 and a beta of 5.40. The firm’s 50 day moving average price is $143.11 and its 200-day moving average price is $139.12. ARM has a twelve month low of $53.47 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that ARM will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARM

A number of hedge funds and other institutional investors have recently modified their holdings of ARM. Mark Sheptoff Financial Planning LLC bought a new position in ARM in the first quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of ARM in the 2nd quarter worth $33,000. ORG Partners LLC purchased a new stake in shares of ARM during the 3rd quarter worth $29,000. RiverPark Advisors LLC boosted its position in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in ARM in the second quarter valued at about $41,000. 7.53% of the stock is currently owned by 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.