ARM (NASDAQ:ARM) Given New $145.00 Price Target at Barclays

ARM (NASDAQ:ARM) had its target price increased by Barclays from $125.00 to $145.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on ARM. Morgan Stanley upgraded ARM from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $107.00 to $190.00 in a report on Friday, July 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Thursday, August 1st. Benchmark assumed coverage on ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a report on Monday, July 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, ARM has an average rating of “Moderate Buy” and an average target price of $145.57.

ARM Stock Performance

ARM stock traded down $3.34 during midday trading on Thursday, reaching $147.31. 5,764,876 shares of the company were exchanged, compared to its average volume of 10,918,804. The stock’s 50-day simple moving average is $142.03 and its 200 day simple moving average is $137.63. The company has a market cap of $154.36 billion, a price-to-earnings ratio of 377.73, a price-to-earnings-growth ratio of 6.27 and a beta of 5.40. ARM has a 1-year low of $49.82 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. On average, research analysts anticipate that ARM will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Institutional investors have recently made changes to their positions in the company. KP Management LLC increased its stake in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after buying an additional 10,000 shares during the period. Willner & Heller LLC lifted its holdings in shares of ARM by 193.7% in the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares in the last quarter. Lazard Asset Management LLC grew its position in ARM by 393.0% in the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after acquiring an additional 20,117 shares in the last quarter. United Advisor Group LLC acquired a new position in shares of ARM during the 3rd quarter valued at about $545,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in ARM by 156.3% during the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after purchasing an additional 11,220 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.