ARM (NASDAQ:ARM) Shares Up 3.3%

Arm Holdings plc (NASDAQ:ARM) rose 3.3% during mid-day trading on Friday . The company traded as high as 102.30 and last traded at 101.15. Approximately 2,762,799 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 14,576,279 shares. The stock had previously closed at 97.93.

Analyst Ratings Changes

ARM has been the subject of a number of research reports. Mizuho lifted their price objective on ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Barclays boosted their price target on shares of ARM from $65.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Susquehanna restated a “neutral” rating and issued a $85.00 price objective on shares of ARM in a report on Thursday, April 4th. The Goldman Sachs Group increased their target price on shares of ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, New Street Research restated a “neutral” rating and issued a $110.00 price target on shares of ARM in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, ARM currently has a consensus rating of “Hold” and a consensus price target of 90.28.

ARM Stock Up 4.1 %

The business’s 50 day simple moving average is 125.59 and its 200 day simple moving average is 87.57.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The business’s revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current year.

Hedge Funds Weigh In On ARM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hoey Investments Inc. purchased a new position in ARM during the 3rd quarter valued at about $27,000. Centerpoint Advisors LLC purchased a new position in shares of ARM during the 3rd quarter worth approximately $32,000. Ancora Advisors LLC acquired a new position in shares of ARM during the 3rd quarter worth approximately $32,000. SOA Wealth Advisors LLC. purchased a new stake in ARM in the 1st quarter valued at approximately $35,000. Finally, Bamco Inc. NY acquired a new stake in ARM during the 3rd quarter valued at $37,000. 7.53% of the stock is 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.