Arm Holdings Rated 'Moderate Buy' by Analysts

Arm Holdings plc (NASDAQ:ARM) has recently received a consensus rating of 'Moderate Buy' from twenty-four brokerages monitoring the stock, reflecting an optimistic outlook from the investment community. With diverse opinions, the stock has received a blend of ratings that include one sell, nine holds, and fourteen buys, indicating a general confidence in the company's prospects.

Analyst Upgrades and Price Targets

Several financial analysts have offered their views on ARM's potential, with notable upgrades and raised price targets. The Goldman Sachs Group has increased their price target on ARM from $65.00 to $95.00, maintaining a 'buy' rating. Barclays has also shown confidence, raising their target from $65.00 to $105.00 and assigning an 'overweight' rating. Similarly, KeyCorp elevated their price target from $75.00 to $120.00, endorsing an 'overweight' stance, while Rosenblatt Securities uplifted their objective from $85.00 to $110.00, recommending a 'buy'. Susquehanna, on the other hand, moved their target from $48.00 to $85.00, but kept a 'neutral' rating, pointing to a more cautious approach.

ARM's Financial Performance

ARM started trading at $119.98 on the latest check, with a prior year-low of $46.50 and a high of $164.00. The stock's fifty-day simple moving average stood at $75.34. In terms of earnings, ARM outperformed expectations with a quarterly EPS of $0.29, surpassing the consensus estimate of $0.25. The firm's revenue was also impressive, totaling $824.00 million against the expected $762.50 million, marking a 13.8% increase year-over-year. Analysts are forecasting that ARM will post an earnings per share of $1.2 for the current fiscal year.

Institutional Investors' Moves

ARM has seen significant adjustments in shareholdings by hedge funds and institutional investors. Envestnet Asset Management Inc. raised its ownership by 54.4%, amounting to 64,132 shares valued at approximately $4,819,000. Northern Trust Corp also increased its holding by 60.1%, owning 74,143 shares worth $5,571,000. New stakes were acquired by 1832 Asset Management L.P., valued around $46,890,000, and First Trust Advisors LP, investing approximately $5,374,000. Additionally, Oppenheimer & Co. Inc. amplified their holdings by a substantial 216.5%, now holding 15,338 shares with a valuation of $1,153,000.

About ARM Holdings plc

Arm Holdings plc specializes in designing, developing, and licensing CPU products and technologies. These offerings are critical for semiconductor companies and original equipment manufacturers as they form the backbone for developing a wide variety of products. ARM provides a range of solutions, including microprocessors, system IPs, GPU IPs, and physical IP along with supporting software and tools.

ARM, Stocks, Investment