ARM (NASDAQ:ARM) Price Target Raised to $200.00

ARM (NASDAQ:ARM) had its target price upped by Citigroup from $170.00 to $200.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on ARM. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Evercore ISI boosted their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James boosted their target price on ARM from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Loop Capital boosted their target price on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.17.

ARM Stock Performance

NASDAQ ARM opened at $167.47 on Thursday. The stock 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 stock’s 50 day moving average price is $143.45 and its two-hundred day moving average price is $139.80. ARM has a 52 week low of $72.25 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts forecast that ARM will post 0.84 EPS for the current year.

Institutional Investors Weigh In On ARM

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in ARM during the second quarter worth $737,000. Park Avenue Securities LLC grew its holdings in ARM by 8.6% during the third quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock worth $398,000 after buying an additional 221 shares in the last quarter. Brookstone Capital Management grew its holdings in ARM by 12.4% during the third quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock worth $202,000 after buying an additional 156 shares in the last quarter. CWM LLC boosted its position in ARM by 19.6% in the third quarter. CWM LLC now owns 108,372 shares of the company’s stock worth $15,498,000 after purchasing an additional 17,769 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in 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 during the last quarter. 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.