Brokerages Set Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) Target Price at $285.33

Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) has been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $305.1250.

ARM has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $320.00 price target on shares of ARM in a report on Monday, July 20th. Susquehanna raised their price target on shares of ARM from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Royal Bank Of Canada dropped their price objective on shares of ARM from $475.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Mizuho raised their target price on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Bank of America reaffirmed a “neutral” rating on shares of ARM in a research note on Thursday, July 30th.

Insider Buying and Selling at ARM

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. This trade represents a 48.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Syntax Research Inc. bought a new stake in shares of ARM during the first quarter worth about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new position in ARM during the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new stake in ARM during the 4th quarter worth approximately $30,000. Navalign LLC purchased a new stake in shares of ARM in the fourth quarter worth approximately $33,000. Finally, FWL Investment Management LLC bought a new position in shares of ARM in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

ARM stock opened at $239.05 on Monday. The firm has a market cap of $255.32 billion, a PE ratio of 246.45, a price-to-earnings-growth ratio of 7.09 and a beta of 3.91. The stock has a 50-day moving average price of $285.38 and a 200-day moving average price of $234.81. ARM has a 1-year low of $100.02 and a 1-year high of $452.70.

ARM (NASDAQ:ARM) last announced its earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, analysts forecast that ARM will post 1.15 earnings per share for the current year.

ARM Company Profile

Arm Holdings (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.