Loop Capital Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its target price cut by equities researchers at Loop Capital from $195.00 to $155.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 22.60% from the stock’s current price.

ARM has been the subject of a number of other research reports. Mizuho upped their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. UBS Group reduced their target price on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Raymond James lowered their target price on ARM from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.76.

ARM Price Performance

Shares of ARM stock traded up $1.62 on Tuesday, hitting $126.43. The stock had a trading volume of 2,522,667 shares, compared to its average volume of 7,081,927. The firm has a market capitalization of $132.48 billion, a P/E ratio of 166.36, a P/E/G ratio of 6.33 and a beta of 4.39. The company’s 50 day moving average price is $110.45 and its 200-day moving average price is $131.90. ARM has a 1 year low of $80.00 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. On average, equities analysts forecast that ARM will post 0.9 EPS for the current year.

Institutional Trading of ARM

Institutional investors and hedge funds have recently bought and sold shares of the stock. TFC Financial Management Inc. boosted its holdings in ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 165 shares in the last quarter. GeoWealth Management LLC grew its stake in ARM by 53.8% during 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. N.E.W. Advisory Services LLC purchased a new position in ARM in the first quarter valued at approximately $34,000. Colonial Trust Co SC acquired a new stake in ARM during the 4th quarter worth $40,000. Finally, Berbice Capital Management LLC purchased a new stake in ARM in the 4th quarter valued at approximately $49,000. 7.53% of the stock is currently owned by institutional investors.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.