ARM (NASDAQ:ARM) Stock Price Down 1% – Here’s Why

Shares of Arm Holdings plc (NASDAQ:ARM) fell 1% during trading on Monday . The stock traded as low as $152.00 and last traded at $158.02. 2,076,918 shares traded hands during trading, a decline of 69% from the average session volume of 6,748,009 shares. The stock had previously closed at $159.55.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ARM shares. Loop Capital lifted their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Wells Fargo & Company raised their price target on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

ARM Trading Down 2.4 %

The company has a fifty day moving average price of $141.82 and a two-hundred day moving average price of $139.60. The firm has a market cap of $163.09 billion, a P/E ratio of 259.42, a PEG ratio of 7.46 and a beta of 4.56.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Arm Holdings plc will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ARM. Valley National Advisers Inc. boosted its position in ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after acquiring an additional 72 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares in the last quarter. Zullo Investment Group Inc. boosted its holdings in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after purchasing an additional 85 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in ARM by 3.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,319 shares of the company’s stock valued at $409,000 after purchasing an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after purchasing an additional 100 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

About ARM

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.