ARM (NASDAQ:ARM) Now Covered by Analysts at UBS Group

UBS Group began coverage on shares of ARM (NASDAQ:ARM) in a report released on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $160.00 price target on the stock. UBS Group’s target price points to a potential upside of 17.03% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Raymond James began coverage on ARM in a research note on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective for the company. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group raised their price target on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $136.72 on Monday. The business’s 50-day simple moving average is $143.32 and its 200 day simple moving average is $141.32. The company has a market cap of $143.26 billion, a P/E ratio of 227.87, a PEG ratio of 6.79 and a beta of 5.40. ARM has a one year low of $60.37 and a one year high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Analysts predict that ARM will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On ARM

Institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new position in ARM during the 3rd quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in shares of ARM during the second quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC boosted its position 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 worth $37,000 after buying an additional 117 shares during the period. RiverPark Advisors LLC grew its holdings in ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in ARM in the 2nd quarter valued at approximately $41,000. 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.