ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has earned a consensus rating of “Moderate Buy” from the thirty research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $161.04.

A number of equities research analysts have recently issued reports on the company. BNP Paribas Exane upgraded ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Wednesday, July 16th. Bank of America dropped their price target on shares of ARM from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. UBS Group lifted their price objective on shares of ARM from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Barclays dropped their target price on shares of ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on shares of ARM in a research note on Thursday, July 10th. They issued a “neutral” rating and a $160.00 target price for the company.

ARM Trading Up 2.0%

Shares of ARM stock opened at $163.17 on Friday. The firm’s fifty day moving average price is $144.61 and its two-hundred day moving average price is $133.99. ARM has a 1 year low of $80.00 and a 1 year high of $182.88. The firm has a market capitalization of $172.39 billion, a P/E ratio of 217.56, a PEG ratio of 9.42 and a beta of 4.19.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. ARM’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, equities research analysts forecast that ARM will post 0.9 EPS for the current fiscal year.

Institutional Trading of ARM

A number of institutional investors have recently bought and sold shares of ARM. TFC Financial Management Inc. raised its position in shares of ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 165 shares in the last quarter. Brooklyn Investment Group bought a new position in ARM during the 1st quarter worth $28,000. GeoWealth Management LLC raised its holdings in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of ARM during the 1st quarter valued at $34,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ARM during the 2nd quarter valued at $39,000. Institutional investors own 7.53% of the company’s stock.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.