Traders Buy High Volume of ARM Call Options (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) was the target of unusually large options trading activity on Thursday. Stock traders purchased 95,165 call options on the stock. This is an increase of 42% compared to the typical daily volume of 66,997 call options.

Analysts Set New Price Targets

ARM has been the subject of a number of recent research reports. UBS Group began coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research report on Thursday, October 31st. Benchmark assumed coverage on ARM in a research report on Monday, September 16th. They set a “hold” rating on the stock. Raymond James began coverage on ARM in a report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Wells Fargo & Company started coverage on ARM in a research note on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.32.

Institutional Investors Weigh In On ARM

Hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in ARM in the 2nd quarter valued at about $33,000. ORG Partners LLC acquired a new position in shares of ARM in the third quarter worth about $29,000. RiverPark Advisors LLC boosted its holdings in ARM by 45.3% in 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 during the last quarter. Gilliland Jeter Wealth Management LLC grew its stake in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in ARM during the 2nd quarter worth approximately $47,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM opened at $151.91 on Friday. ARM has a 1 year low of $65.11 and a 1 year high of $188.75. The company’s 50 day simple moving average is $142.98 and its 200 day simple moving average is $143.32. The stock has a market capitalization of $159.18 billion, a PE ratio of 253.19, a P/E/G ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. As a group, sell-side analysts expect that ARM will post 0.79 earnings per share for the current fiscal year.

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.