ARM (NASDAQ:ARM) Price Target Lowered to $350.00 at Wells Fargo & Company

ARM (NASDAQ:ARM) had its price objective reduced by Wells Fargo & Company from $410.00 to $350.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and set a $320.00 price target on shares of ARM in a report on Monday. KeyCorp increased their price objective on ARM from $300.00 to $430.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Mizuho lifted their target price on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Benchmark assumed coverage on ARM in a report on Thursday, July 16th. They issued a “hold” rating on the stock. Finally, Royal Bank Of Canada upped their price target on ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $297.65.

ARM Price Performance

Shares of NASDAQ:ARM opened at $283.40 on Wednesday. ARM has a 1-year low of $100.02 and a 1-year high of $452.70. The stock has a market cap of $302.69 billion, a P/E ratio of 337.38, a P/E/G ratio of 9.05 and a beta of 3.76. The firm has a fifty day moving average price of $328.16 and a 200 day moving average price of $206.83.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The company had revenue of $1.49 billion for the quarter. Sell-side analysts expect that ARM will post 1.12 EPS for the current fiscal year.

Insider Activity

In other ARM news, insider Spencer Collins sold 51,961 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the transaction, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Abbey sold 10,887 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the transaction, the insider owned 43,353 shares in the company, valued at $9,717,141.42. The trade was a 20.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 216,049 shares of company stock valued at $52,101,605 over the last ninety days.

Institutional Trading of ARM

A number of institutional investors have recently modified their holdings of the business. Syntax Research Inc. acquired a new stake in ARM in the first quarter valued at $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of ARM during the 1st quarter valued at approximately $30,000. Allied Private Wealth LLC acquired a new stake in shares of ARM during the 2nd quarter valued at approximately $71,000. FWL Investment Management LLC purchased a new stake in shares of ARM during the 2nd quarter worth approximately $34,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of ARM during the 1st quarter worth approximately $40,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Key ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm is gaining traction in AI servers as IDC projects the AI infrastructure market could approach $500 billion this year, reinforcing the company’s relevance in one of the market’s strongest growth themes. Arm Gains Ground in AI Servers
• Neutral Sentiment: Wells Fargo cut its price target on Arm to $350 from $410, but kept an Overweight rating, suggesting the bank still sees upside even as it turns more cautious on near-term execution. ARM Stock Takes A Breather After Three Days Of Gains — Wells Fargo Cuts Price Target, Warning Of A ‘Tough Setup’ Ahead
• Neutral Sentiment: UBS issued a pessimistic forecast for ARM, adding to the day’s analyst caution and likely contributing to the stock’s softer tone. UBS Group Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price
• Neutral Sentiment: Commentary comparing Arm with Coherent argues that Coherent has stronger upside, profitability, and valuation appeal, which may be weighing on sentiment around ARM relative to other AI infrastructure names. COHR vs. ARM: Which Tech Stock Offers More Upside Now?
• Negative Sentiment: Some market commentary is questioning whether Arm’s valuation can be justified after its huge year-to-date gain and recent pullback, which may be prompting profit-taking. Prediction: Up 144% YTD, Is Arm Holdings The Next Nvidia?

ARM Company Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.