ARM (NASDAQ:ARM) Trading Down 0.7% – Should You Sell?

Arm Holdings plc (NASDAQ:ARM) was down 0.7% on Thursday . The company traded as low as $154.12 and last traded at $154.33. Approximately 811,062 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 6,588,585 shares. The stock had previously closed at $155.41.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ARM shares. JPMorgan Chase & Co. upped their target price on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price objective on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities upped their price target on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Loop Capital increased their target price on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Price Performance

The company has a market cap of $167.17 billion, a price-to-earnings ratio of 209.92, a P/E/G ratio of 7.83 and a beta of 4.57. The firm has a 50-day moving average price of $146.64 and a 200 day moving average price of $140.19.

Hedge Funds Weigh In On ARM

Several institutional investors and hedge funds have recently modified their holdings of the business. GeoWealth Management LLC raised its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new stake in shares of ARM in the third quarter valued at approximately $52,000. Finally, Farther Finance Advisors LLC raised its position in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Company Profile

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.