ARM (NASDAQ:ARM) Earns Outperform Rating from Analysts at William Blair

William Blair started coverage on shares of ARM (NASDAQ:ARM) in a research note published on Wednesday, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Benchmark assumed coverage on shares of ARM in a research note on Monday, September 16th. They set a hold rating for the company. TD Cowen raised ARM to a strong-buy rating in a research report on Monday, September 16th. Hsbc Global Res raised ARM to a moderate sell rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on ARM from $82.00 to $105.00 and gave the stock a hold rating in a report on Thursday, August 1st. Finally, Sanford C. Bernstein upgraded shares of ARM from an underperform rating to a market perform rating and increased their price target for the stock from $92.00 to $100.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $125.96.

ARM Price Performance

Shares of NASDAQ ARM opened at $138.90 on Wednesday. ARM has a 1-year low of $46.50 and a 1-year high of $188.75. The business has a fifty day moving average price of $135.56 and a 200 day moving average price of $132.85. The stock has a market capitalization of $145.54 billion and a P/E ratio of 145.57.

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

Institutional Trading of ARM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of ARM during the 1st quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in ARM in the second quarter valued at $33,000. SOA Wealth Advisors LLC. acquired a new position in shares of ARM in the 1st quarter valued at $35,000. RiverPark Advisors LLC lifted its stake in shares of ARM by 45.3% in the 2nd 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. Finally, Mather Group LLC. purchased a new position in shares of ARM during the 2nd quarter worth $41,000. 7.53% of the stock is owned by institutional investors and hedge funds.

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.