Barclays Forecasts Strong Price Appreciation for ARM (NASDAQ:ARM) Stock

ARM (NASDAQ:ARM) had its target price hoisted by research analysts at Barclays from $125.00 to $145.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 0.60% from the stock’s previous close.

A number of other brokerages also recently commented on ARM. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday. Hsbc Global Res raised ARM to a “moderate sell” rating in a report on Monday, July 29th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of ARM in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.38.

ARM Stock Performance

Shares of ARM opened at $145.88 on Thursday. ARM has a fifty-two week low of $49.82 and a fifty-two week high of $188.75. The firm has a 50-day simple moving average of $141.27 and a 200-day simple moving average of $137.49. The company has a market capitalization of $152.86 billion, a price-to-earnings ratio of 374.05, a price-to-earnings-growth ratio of 6.45 and a beta of 5.40.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. Equities research analysts forecast that ARM will post 0.86 EPS for the current year.

Institutional Investors Weigh In On ARM

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. raised its stake in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after purchasing an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of ARM by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after buying an additional 14,584 shares during the period. Finally, Mark Asset Management LP raised its position in shares of ARM by 14.2% in the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.