ARM (NASDAQ:ARM) Given New $145.00 Price Target at Bank of America

ARM (NASDAQ:ARM) had its target price reduced by Bank of America from $205.00 to $145.00 in a report published on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Mizuho upped their target price on shares of ARM from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. KeyCorp increased their price objective on ARM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of ARM in a report on Thursday, November 6th. Loop Capital upped their price target on ARM from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, Evercore ISI increased their price target on ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.30.

ARM Stock Performance

Shares of ARM stock opened at $121.10 on Tuesday. ARM has a 1 year low of $80.00 and a 1 year high of $183.16. The firm has a market cap of $127.94 billion, a price-to-earnings ratio of 155.26, a PEG ratio of 7.45 and a beta of 4.23. The stock’s 50-day moving average is $150.95 and its two-hundred day moving average is $147.51.

ARM (NASDAQ:ARM) last released its quarterly 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. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.03% and a net margin of 18.81%.The firm’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, research analysts predict that ARM will post 0.9 EPS for the current year.

Hedge Funds Weigh In On ARM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in ARM by 26.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,079 shares of the company’s stock worth $3,533,000 after buying an additional 6,888 shares in the last quarter. Cresset Asset Management LLC increased its holdings in ARM by 36.1% in the first quarter. Cresset Asset Management LLC now owns 15,592 shares of the company’s stock valued at $1,665,000 after buying an additional 4,135 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of ARM by 3.4% during the 1st quarter. Raymond James Financial Inc. now owns 273,687 shares of the company’s stock valued at $29,227,000 after acquiring an additional 8,980 shares during the period. Brooklyn Investment Group purchased a new stake in shares of ARM during the 1st quarter worth approximately $28,000. Finally, Quantbot Technologies LP grew its holdings in shares of ARM by 826.0% in the 1st quarter. Quantbot Technologies LP now owns 42,113 shares of the company’s stock worth $4,497,000 after acquiring an additional 37,565 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Company Profile

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.