ARM (NASDAQ:ARM) Given “Buy” Rating at Rosenblatt Securities

ARM (NASDAQ:ARM)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $180.00 price objective on the stock.

Several other equities analysts have also issued reports on the company. BNP Paribas lowered ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Friday, April 19th. KeyCorp raised their price target on shares of ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen upped their price objective on shares of ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. New Street Research restated a “neutral” rating and issued a $110.00 target price on shares of ARM in a research note on Tuesday, February 27th. Finally, Mizuho raised their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Hold” and an average price target of 92.08.

ARM Price Performance

NASDAQ:ARM opened at 107.80 on Monday. The company has a 50 day simple moving average of 121.56 and a two-hundred day simple moving average of 90.46. ARM has a fifty-two week low of 46.50 and a fifty-two week high of 164.00.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to the consensus estimate of 762.50 million. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that ARM will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On ARM

Several institutional investors have recently added to or reduced their stakes in ARM. Hsbc Holdings PLC purchased a new position in ARM during the 3rd quarter valued at about $219,000. Robeco Schweiz AG purchased a new position in ARM during the third quarter valued at approximately $35,591,000. American Century Companies Inc. bought a new stake in ARM during the 3rd quarter worth approximately $54,800,000. Citigroup Inc. bought a new position in ARM in the 3rd quarter valued at $344,000. Finally, UG Investment Advisers Ltd. purchased a new position in shares of ARM during the 3rd quarter valued at $3,568,000. 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.