ARM (NASDAQ:ARM) Trading Down 5.2% – Should You Sell?

Arm Holdings plc (NASDAQ:ARM) dropped 5.2% on Monday . The stock traded as low as $123.26 and last traded at $125.30. Approximately 4,554,383 shares changed hands during trading, a decline of 55% from the average daily volume of 10,180,630 shares. The stock had previously closed at $132.15.

Analyst Upgrades and Downgrades

ARM has been the topic of several research reports. Loop Capital boosted their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen upped their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Raymond James began coverage on shares of ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 target price on the stock. Finally, Susquehanna raised their price target on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Trading Down 3.7 %

The stock has a market capitalization of $133.32 billion, a PE ratio of 212.05, a PEG ratio of 7.15 and a beta of 4.67. The business has a fifty day moving average price of $142.07 and a 200-day moving average price of $143.96.

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 the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. On average, equities analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the period. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co. raised its stake in ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the period. Finally, Mark Asset Management LP boosted its position in ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other 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.