ARM (NASDAQ:ARM) Trading Down 1.1% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM) shares dropped 1.1% during mid-day trading on Thursday . The company traded as low as $131.13 and last traded at $132.20. Approximately 1,728,098 shares traded hands during trading, a decline of 84% from the average daily volume of 10,681,520 shares. The stock had previously closed at $133.70.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of recent analyst reports. HSBC lowered shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Thursday, August 8th. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $147.95.

ARM Trading Down 0.7 %

The stock has a fifty day simple moving average of $143.65 and a two-hundred day simple moving average of $140.25. The company has a market cap of $139.09 billion, a PE ratio of 220.34, a price-to-earnings-growth ratio of 6.64 and a beta of 5.40.

ARM (NASDAQ:ARM) last announced its quarterly earnings data 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 analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On ARM

Institutional investors have recently modified their holdings of the company. RiverPark Advisors LLC raised its position in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after acquiring an additional 77 shares during the last quarter. BOKF NA raised its holdings in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares during the last quarter. Finally, Hobbs Group Advisors LLC raised its holdings in ARM by 7.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after acquiring an additional 100 shares during the last quarter. 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.