Barclays Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price target raised by research analysts at Barclays from $145.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 5.07% from the stock’s previous close.

A number of other research analysts have also recently weighed in on ARM. JPMorgan Chase & Co. lifted their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, November 7th. Loop Capital upped their target price on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna boosted their price target on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $151.09.

ARM Stock Up 0.1 %

Shares of ARM stock opened at $147.52 on Friday. ARM has a 52-week low of $66.66 and a 52-week high of $188.75. The stock has a market cap of $154.58 billion, a PE ratio of 245.87, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53. The business has a 50-day simple moving average of $137.40 and a 200-day simple moving average of $141.42.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company 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 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 period in the previous year, the company posted $0.36 earnings per share. Sell-side analysts anticipate that ARM will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARM

A number of institutional investors have recently bought and sold shares of ARM. Modus Advisors LLC raised its position in shares of ARM by 300.2% during the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after buying an additional 13,453 shares during the period. KP Management LLC raised its position in ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after purchasing an additional 10,000 shares during the period. XTX Topco Ltd lifted its stake in shares of ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after purchasing an additional 3,893 shares during the last quarter. Willner & Heller LLC grew its holdings in shares of ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares during the period. Finally, Avalon Global Asset Management LLC acquired a new stake in shares of ARM during the 3rd quarter worth about $8,581,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

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.