Raymond James Financial Initiates Coverage on ARM (NASDAQ:ARM)

Research analysts at Raymond James Financial initiated coverage on shares of ARM (NASDAQ:ARM) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “hold” rating on the stock.

Several other brokerages have also issued reports on ARM. Seaport Res Ptn raised ARM to a “strong-buy” rating in a research report on Monday, August 11th. Mizuho upped their price target on ARM from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Evercore ISI raised their price objective on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Barclays boosted their target price on shares of ARM from $115.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, TD Cowen increased their price target on shares of ARM from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.80.

ARM Stock Down 0.7%

NASDAQ:ARM opened at $131.57 on Friday. The firm’s fifty day simple moving average is $155.30 and its 200 day simple moving average is $146.57. The stock has a market cap of $139.01 billion, a P/E ratio of 168.68, a price-to-earnings-growth ratio of 7.88 and a beta of 4.11. ARM has a twelve month low of $80.00 and a twelve month high of $183.16.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. ARM had a net margin of 18.81% and a return on equity of 15.03%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, analysts expect that ARM will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On ARM

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in ARM by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of ARM during the first quarter valued at approximately $28,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of ARM during the third quarter valued at approximately $28,000. Huntington National Bank bought a new stake in shares of ARM during the second quarter valued at approximately $30,000. Finally, N.E.W. Advisory Services LLC purchased a new position in ARM in the 1st quarter worth approximately $34,000. Institutional investors own 7.53% of the company’s stock.

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.