ARM (NASDAQ:ARM) Stock Price Up 4% – Time to Buy?

Arm Holdings plc (NASDAQ:ARM) shares rose 4% during mid-day trading on Monday . The company traded as high as $148.70 and last traded at $146.68. Approximately 2,803,899 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 4,473,151 shares. The stock had previously closed at $141.08.

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Susquehanna upped their target price on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Benchmark started coverage on ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Barclays upped their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Stock Up 5.7 %

The company has a market cap of $156.33 billion, a P/E ratio of 248.65, a PEG ratio of 7.15 and a beta of 4.53. The company has a 50 day moving average price of $137.80 and a 200-day moving average price of $142.28.

ARM (NASDAQ:ARM) last announced its quarterly earnings data 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. The business 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 company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, research analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of ARM

Institutional investors have recently modified their holdings of the company. KP Management LLC lifted its holdings in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after buying an additional 10,000 shares during the period. Modus Advisors LLC lifted its holdings in shares of ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after purchasing an additional 3,893 shares during the last quarter. Willner & Heller LLC lifted its holdings in shares of ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Avalon Global Asset Management LLC purchased a new stake in shares of ARM during the third quarter valued at $8,581,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

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.