Shares of Arm Holdings plc (NASDAQ:ARM – Get Free Report) were up 2.3% during trading on Wednesday after Guggenheim raised their price target on the stock from $110.00 to $169.00. Guggenheim currently has a buy rating on the stock. ARM traded as high as 166.80 and last traded at 164.25. Approximately 4,557,086 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 13,391,124 shares. The stock had previously closed at 160.61.
Several other equities analysts have also commented on ARM. Evercore ISI decreased their target price on shares of ARM from $156.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Bank of America raised their target price on shares of ARM from $150.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 17th. KeyCorp raised their target price on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Mizuho raised their target price on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of ARM in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of 103.68.
View Our Latest Stock Analysis on ARM
Institutional Investors Weigh In On ARM
ARM Price Performance
The stock’s 50-day moving average price is 122.40 and its 200-day moving average price is 109.50.
ARM (NASDAQ:ARM – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.30 by 0.06. The firm had revenue of 928.00 million for the quarter, compared to the consensus estimate of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. Equities research analysts forecast that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.
About ARM
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.
Featured Stories
- Five stocks we like better than ARM
- How to buy stock: A step-by-step guide for beginnersÂ
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- How to Calculate Retirement Income: MarketBeat’s Calculator
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Following Congress Stock Trades
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.