UBS Group Cuts ARM (NASDAQ:ARM) Price Target to $360.00

ARM (NASDAQ:ARM) had its target price lowered by UBS Group from $470.00 to $360.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Rosenblatt Securities lifted their price objective on ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. KeyCorp raised their price target on ARM from $300.00 to $430.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 7th. New Street Research lowered shares of ARM from a “buy” rating to a “neutral” rating in a research report on Thursday, June 18th. Finally, Wells Fargo & Company increased their price objective on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $297.65.

ARM Trading Down 2.2%

ARM stock opened at $283.40 on Monday. The company has a market cap of $302.69 billion, a P/E ratio of 337.38, a P/E/G ratio of 9.05 and a beta of 3.76. ARM has a 52 week low of $100.02 and a 52 week high of $452.70. The company’s 50-day moving average price is $328.16 and its 200 day moving average price is $206.83.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion during the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. On average, equities research analysts expect that ARM will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. This trade represents a 48.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Abbey sold 6,566 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the completion of the sale, the insider directly owned 20,563 shares in the company, valued at approximately $8,281,131.36. The trade was a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 216,049 shares of company stock worth $52,101,605 in the last three months.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARM. Syntax Research Inc. purchased a new position in ARM during the first quarter worth approximately $30,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of ARM during the 1st quarter valued at $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of ARM during the 4th quarter worth $30,000. Navalign LLC acquired a new stake in shares of ARM during the 4th quarter worth $33,000. Finally, FWL Investment Management LLC purchased a new position in shares of ARM in the 2nd quarter worth $34,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

More ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm is gaining traction in AI servers as IDC projects the AI infrastructure market could approach $500 billion this year, reinforcing the company’s relevance in one of the market’s strongest growth themes. Arm Gains Ground in AI Servers
• Neutral Sentiment: Wells Fargo cut its price target on Arm to $350 from $410, but kept an Overweight rating, suggesting the bank still sees upside even as it turns more cautious on near-term execution. ARM Stock Takes A Breather After Three Days Of Gains — Wells Fargo Cuts Price Target, Warning Of A ‘Tough Setup’ Ahead
• Neutral Sentiment: UBS issued a pessimistic forecast for ARM, adding to the day’s analyst caution and likely contributing to the stock’s softer tone. UBS Group Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price
• Neutral Sentiment: Commentary comparing Arm with Coherent argues that Coherent has stronger upside, profitability, and valuation appeal, which may be weighing on sentiment around ARM relative to other AI infrastructure names. COHR vs. ARM: Which Tech Stock Offers More Upside Now?
• Negative Sentiment: Some market commentary is questioning whether Arm’s valuation can be justified after its huge year-to-date gain and recent pullback, which may be prompting profit-taking. Prediction: Up 144% YTD, Is Arm Holdings The Next Nvidia?

ARM Company Profile

Arm Limited (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.