ARM (NASDAQ:ARM) Price Target Lowered to $125.00 at Barclays

ARM (NASDAQ:ARM) had its target price trimmed by Barclays from $155.00 to $125.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on the stock. Citigroup boosted their price target on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Loop Capital increased their price target on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI increased their price objective on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Morgan Stanley decreased their target price on shares of ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.70.

ARM Stock Up 3.8 %

NASDAQ ARM opened at $100.55 on Tuesday. ARM has a 12-month low of $80.00 and a 12-month high of $188.75. The firm’s 50 day moving average is $117.31 and its 200-day moving average is $135.19. The company has a market capitalization of $105.36 billion, a PE ratio of 132.30, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARM. GeoWealth Management LLC grew its stake in shares of ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new stake in ARM in the 4th quarter valued at about $40,000. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter worth approximately $49,000. Valley National Advisers Inc. increased its holdings in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after purchasing an additional 72 shares during the period. Finally, MCF Advisors LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $83,000. 7.53% of the stock is owned by institutional investors and hedge funds.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.