ARM (NASDAQ:ARM) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of ARM (NASDAQ:ARM) in a research report report published on Monday morning,Benzinga reports.

Other equities research analysts also recently issued reports about the company. Bank of America decreased their price objective on ARM from $144.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 8th. KeyCorp lowered their price objective on shares of ARM from $195.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, May 8th. Barclays decreased their target price on shares of ARM from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, KGI Securities initiated coverage on ARM in a research report on Tuesday, April 15th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.76.

ARM Price Performance

Shares of ARM opened at $138.61 on Monday. ARM has a 1-year low of $80.00 and a 1-year high of $188.75. The stock has a market cap of $146.82 billion, a PE ratio of 182.38, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08. The firm has a fifty day moving average price of $116.38 and a 200 day moving average price of $130.51.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. As a group, equities analysts expect that ARM will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of ARM by 6.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,534 shares of the company’s stock worth $1,916,000 after acquiring an additional 982 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in ARM by 14.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,773 shares of the company’s stock worth $342,000 after purchasing an additional 350 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in ARM during the fourth quarter worth $128,000. UNICOM Systems Inc. acquired a new stake in ARM in the fourth quarter valued at $13,673,000. Finally, Leavell Investment Management Inc. acquired a new stake in ARM in the fourth quarter valued at $548,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

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.