Loop Capital Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price target lifted by Loop Capital from $180.00 to $195.00 in a research report sent to investors on Monday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Several other research firms have also commented on ARM. JPMorgan Chase & Co. lifted their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna lifted their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research report on Thursday, October 31st. Raymond James boosted their price objective on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Evercore ISI raised their target price on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Price Performance

Shares of ARM opened at $160.84 on Monday. The stock has a market capitalization of $168.53 billion, a PE ratio of 211.63, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The business’s fifty day moving average price is $144.69 and its 200 day moving average price is $139.64. ARM has a 12-month low of $85.61 and a 12-month high of $188.75.

Institutional Trading of ARM

A number of hedge funds and other institutional investors have recently made changes to their positions in ARM. Horizon Investments LLC grew its position in ARM by 204.6% in the fourth quarter. Horizon Investments LLC now owns 12,333 shares of the company’s stock worth $1,521,000 after buying an additional 8,284 shares during the last quarter. Haven Capital Group Inc. bought a new stake in shares of ARM during the 4th quarter worth $2,397,000. Cibc World Markets Corp grew its holdings in shares of ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock worth $350,000 after acquiring an additional 96 shares during the last quarter. WealthTrust Asset Management LLC raised its position in shares of ARM by 145.4% during the fourth quarter. WealthTrust Asset Management LLC now owns 9,876 shares of the company’s stock worth $1,218,000 after purchasing an additional 5,852 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of ARM by 40.1% during the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock valued at $111,000 after purchasing an additional 258 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

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.