ARM (NASDAQ:ARM) Coverage Initiated at William Blair

Analysts at William Blair began coverage on shares of ARM (NASDAQ:ARM) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating on the stock.

Other equities analysts have also issued research reports about the company. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, August 8th. Evercore ISI boosted their price objective on shares of ARM from $145.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. HSBC downgraded shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Guggenheim boosted their price target on shares of ARM from $110.00 to $169.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Bank of America upped their price objective on shares of ARM from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $125.96.

ARM Trading Up 1.6 %

Shares of NASDAQ ARM opened at $140.59 on Wednesday. ARM has a 1 year low of $46.50 and a 1 year high of $188.75. The firm’s 50-day moving average is $136.41 and its 200-day moving average is $132.85. The firm has a market capitalization of $147.32 billion and a PE ratio of 148.06.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, equities research analysts anticipate that ARM will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of ARM during the 4th quarter worth approximately $226,000. Janney Montgomery Scott LLC boosted its holdings in shares of ARM by 179.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,468 shares of the company’s stock worth $2,665,000 after acquiring an additional 22,763 shares during the period. Beacon Pointe Advisors LLC acquired a new position in ARM in the 4th quarter valued at $205,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of ARM by 42.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,210 shares of the company’s stock valued at $1,669,000 after acquiring an additional 6,571 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new stake in shares of ARM in the fourth quarter valued at approximately $50,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.