ARM (NASDAQ:ARM) Trading Down 5.4% – What’s Next?

Arm Holdings plc (NASDAQ:ARM)’s share price fell 5.4% during trading on Friday . The stock traded as low as $128.45 and last traded at $128.95. 2,756,694 shares were traded during mid-day trading, a decline of 74% from the average session volume of 10,782,024 shares. The stock had previously closed at $136.35.

Analyst Ratings Changes

Several research firms recently issued reports on ARM. Evercore ISI increased their target price on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. HSBC lowered ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Susquehanna lifted their target price on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.95.

ARM Trading Down 6.6 %

The stock has a market capitalization of $133.39 billion, a PE ratio of 214.92, a PEG ratio of 6.75 and a beta of 5.40. The company’s 50 day simple moving average is $143.37 and its 200 day simple moving average is $139.10.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’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 earnings per share. As a group, analysts predict that Arm Holdings plc will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. RiverPark Advisors LLC boosted its holdings in ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after acquiring an additional 77 shares during the period. Hexagon Capital Partners LLC increased its stake in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the period. BOKF NA increased its position in shares of ARM by 33.3% during the first quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after acquiring an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after purchasing an additional 102 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

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.