1 week Ago By ABMN Staff
Arm Holdings plc ( NASDAQ:ARM – Get Free Report ) was down 2% during mid-day trading on Wednesday . The stock traded as low as $123.11 and last traded at $123.
36. Approximately 2,680,229 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 10,053,197 shares. The stock had previously closed at $125.
91. Analyst Ratings Changes ARM has been the subject of several research analyst reports. Susquehanna upped their price target on shares of ARM from $115.
00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on ARM from $144.
00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Evercore ISI boosted their price target on ARM from $173.
00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co.
raised their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.
Finally, Raymond James began coverage on shares of ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 target price for the company.
Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.32.
Read Our Latest Stock Analysis on ARM ARM Price Performance ARM ( NASDAQ:ARM – Get Free Report ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS 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 the consensus estimate of $810.03 million. ARM had a net margin of 18.
13% and a return on equity of 13.69%. The company’s quarterly revenue was up 4.
7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS.
Equities research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year. Institutional Investors Weigh In On ARM Hedge funds have recently made changes to their positions in the business.
Franklin Resources Inc. increased its holdings in shares of ARM by 21.7% in the third quarter.
Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the period. International Assets Investment Management LLC increased its stake in ARM by 14,351.
1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co.
raised its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co.
now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd.
raised its position in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co.
Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the last quarter. Finally, Mark Asset Management LP boosted its holdings in shares of ARM by 14.
2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares in the last quarter. Institutional investors and hedge funds own 7.
53% of the company’s stock. About ARM ( Get Free Report ) 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.
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