ARM (NASDAQ:ARM) Given “Hold” Rating at Needham & Company LLC

ARM (NASDAQ:ARM)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports.

ARM has been the topic of a number of other research reports. Wells Fargo & Company boosted their price objective on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Rosenblatt Securities lifted their target price on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays increased their price target on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price target on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.17.

ARM Trading Down 3.0 %

NASDAQ:ARM opened at $162.51 on Thursday. The company has a market cap of $170.28 billion, a P/E ratio of 270.85, a P/E/G ratio of 7.46 and a beta of 4.56. ARM has a twelve month low of $85.61 and a twelve month high of $188.75. The company’s 50-day moving average price is $144.13 and its 200-day moving average price is $140.00.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for 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 business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. On average, analysts expect that ARM will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Partners LLC purchased a new position in ARM during the third quarter worth $29,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in ARM during the 4th quarter worth about $49,000. Quantbot Technologies LP acquired a new position in ARM in the 3rd quarter valued at about $52,000. Finally, Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 131 shares in the last quarter. 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.