ARM (NASDAQ:ARM) Shares Down 0.5%

Arm Holdings plc (NASDAQ:ARMGet Free Report) shares traded down 0.5% on Friday . The stock traded as low as 124.16 and last traded at 124.99. Approximately 7,407,100 shares were traded during mid-day trading, a decline of 55% from the average session volume of 16,454,311 shares. The stock had previously closed at 125.62.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of recent research reports. Mizuho upped their price target on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Susquehanna lifted their price objective on ARM from $48.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Daiwa Capital Markets lowered ARM from a “buy” rating to a “neutral” rating and raised their price target for the stock from $63.00 to $130.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on ARM from $70.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Barclays raised their target price on shares of ARM from $65.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from, the company has an average rating of “Hold” and a consensus target price of 85.78.

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ARM Price Performance

The firm has a 50-day moving average price of 115.99 and a 200-day moving average price of 79.89.

ARM (NASDAQ:ARMGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to analysts’ expectations of 762.50 million. ARM’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts expect that Arm Holdings plc will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARM

Several large investors have recently made changes to their positions in ARM. Jennison Associates LLC boosted its stake in ARM by 15.7% in the 4th quarter. Jennison Associates LLC now owns 7,346,660 shares of the company’s stock worth $552,065,000 after purchasing an additional 994,551 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of ARM in the fourth quarter worth approximately $480,194,000. FMR LLC purchased a new stake in shares of ARM during the third quarter valued at approximately $242,812,000. Wellington Management Group LLP increased its position in shares of ARM by 56.4% during the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after acquiring an additional 1,611,926 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in ARM in the 3rd quarter worth approximately $143,092,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Company Profile

(Get Free Report)

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.

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