ARM (NASDAQ:ARM) Shares Down 4.4% – Time to Sell?

Arm Holdings plc (NASDAQ:ARM)’s stock price fell 4.4% during mid-day trading on Wednesday . The company traded as low as $130.23 and last traded at $130.71. 1,447,244 shares traded hands during trading, a decline of 86% from the average session volume of 10,556,180 shares. The stock had previously closed at $136.72.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARM. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Barclays increased their price objective on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group started coverage on ARM in a research note on Monday. They issued a “buy” rating and a $160.00 price objective for the company. The Goldman Sachs Group increased their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark started coverage on ARM in a research note on Monday, September 16th. They issued a “hold” rating for the company. Two 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.32.

ARM Price Performance

The firm has a 50 day moving average of $143.07 and a two-hundred day moving average of $141.21. The stock has a market cap of $139.75 billion, a PE ratio of 222.28, a PEG ratio of 6.97 and a beta of 5.40.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares during the period. International Assets Investment Management LLC increased its position in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co. increased its position in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of ARM by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after purchasing an additional 14,584 shares during the period. 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.