ARM (NASDAQ:ARM) Price Target Raised to $225.00 at Rosenblatt Securities

ARM (NASDAQ:ARM) had its price target hoisted by Rosenblatt Securities from $180.00 to $225.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

ARM has been the subject of several other research reports. Evercore ISI boosted their target price on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna raised their price objective on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Finally, Loop Capital upped their price objective 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $162.17.

ARM Trading Down 3.3 %

Shares of ARM opened at $167.47 on Thursday. The firm has a market capitalization of $175.48 billion, a price-to-earnings ratio of 279.12, a PEG ratio of 7.46 and a beta of 4.56. The firm’s fifty day simple moving average is $143.45 and its 200-day simple moving average is $139.80. ARM has a twelve month low of $72.25 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million for 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%. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. On average, analysts predict that ARM will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

A number of hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in ARM during the 3rd quarter worth approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares in the last quarter. Quantbot Technologies LP acquired a new position in ARM during the third quarter worth $52,000. Berbice Capital Management LLC purchased a new position in ARM in the fourth quarter worth $49,000. Finally, Farther Finance Advisors LLC lifted its holdings in ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.