ARM (NASDAQ:ARM) Shares Down 4% – Here’s Why

Arm Holdings plc (NASDAQ:ARM) shares traded down 4% during mid-day trading on Monday . The stock traded as low as $142.04 and last traded at $145.80. 2,121,779 shares were traded during mid-day trading, a decline of 79% from the average session volume of 10,260,951 shares. The stock had previously closed at $151.91.

Analyst Ratings Changes

Several analysts have recently commented on ARM shares. William Blair initiated coverage on ARM in a report on Wednesday, September 18th. They set an “outperform” rating on the stock. Benchmark began coverage on shares of ARM in a research note on Monday, September 16th. They issued a “hold” rating for the company. Loop Capital increased their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Trading Down 1.5 %

The firm’s fifty day moving average price is $143.03 and its 200-day moving average price is $143.94. The company has a market cap of $149.63 billion, a price-to-earnings ratio of 238.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, research analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current year.

Institutional Trading of ARM

Large investors have recently bought and sold shares of the business. RiverPark Advisors LLC lifted its stake in ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of ARM by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the last quarter. Hobbs Group Advisors LLC raised its holdings in ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after purchasing an additional 102 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

About ARM

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.