ARM (ARM) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of ARM (NASDAQ: ARM) recently:

• 11/25/2024 – ARM is now covered by analysts at UBS Group AG. They set a “buy” rating and a $160.00 price target on the stock.
• 11/22/2024 – ARM is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $155.00 price target on the stock.
• 11/11/2024 – ARM had its price target raised by analysts at Loop Capital from $130.00 to $180.00. They now have a “buy” rating on the stock.
• 11/7/2024 – ARM had its price target raised by analysts at JPMorgan Chase & Co. from $140.00 to $160.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – ARM had its price target raised by analysts at Barclays PLC from $125.00 to $145.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – ARM had its price target raised by analysts at Evercore ISI from $173.00 to $176.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – ARM had its price target raised by analysts at Susquehanna from $115.00 to $118.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – ARM had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/7/2024 – ARM had its price target raised by analysts at The Goldman Sachs Group, Inc. from $144.00 to $159.00. They now have a “buy” rating on the stock.
• 11/7/2024 – ARM had its price target raised by analysts at TD Cowen from $150.00 to $165.00. They now have a “buy” rating on the stock.
• 10/31/2024 – ARM was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $100.00 price target on the stock.

ARM Trading Down 4.8 %

ARM stock traded down $6.60 during trading hours on Wednesday, hitting $130.12. 2,270,154 shares of the stock were exchanged, compared to its average volume of 10,562,104. The firm has a market capitalization of $136.34 billion, a P/E ratio of 216.87, a P/E/G ratio of 6.97 and a beta of 5.40. The company has a 50-day simple moving average of $143.32 and a two-hundred day simple moving average of $141.32. Arm Holdings plc has a 12 month low of $60.37 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On ARM

A number of hedge funds and other institutional investors have recently made changes to their positions in ARM. International Assets Investment Management LLC boosted its holdings in shares of ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of ARM by 551.6% during the 2nd 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. boosted its holdings in shares of ARM by 186.8% during the 3rd 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 in the last quarter. Marsico Capital Management LLC bought a new position in shares of ARM during the 2nd quarter worth approximately $33,207,000. Finally, ProShare Advisors LLC bought a new position in shares of ARM during the 2nd quarter worth approximately $16,611,000. 7.53% of the stock is owned by institutional investors and hedge funds.

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.