ARM (NASDAQ:ARM) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of ARM (NASDAQ:ARM) in a research note published on Thursday morning,Benzinga reports.

A number of other equities research analysts have also recently issued reports on ARM. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research note on Thursday, October 31st. Citigroup lifted their target price on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley upgraded shares of ARM from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $107.00 to $190.00 in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.57.

ARM Stock Down 2.1 %

Shares of ARM opened at $147.48 on Thursday. The firm has a market cap of $154.53 billion, a price-to-earnings ratio of 245.80, a price-to-earnings-growth ratio of 6.59 and a beta of 5.40. The company’s fifty day moving average is $142.32 and its 200-day moving average is $138.30. ARM has a 12 month low of $49.82 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 14.14%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that ARM will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of ARM

Institutional investors have recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC acquired a new position in ARM during the first quarter worth $25,000. ORG Partners LLC bought a new stake in shares of ARM in the 3rd quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of ARM during the 2nd quarter worth about $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its position in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.