ARM (NASDAQ:ARM) Given New $195.00 Price Target at Loop Capital

ARM (NASDAQ:ARM) had its price target upped by Loop Capital from $180.00 to $195.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. The Goldman Sachs Group raised their price target on ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barclays raised their price target on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Evercore ISI raised their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Stock Down 1.5 %

Shares of NASDAQ:ARM opened at $155.41 on Monday. The business has a 50 day moving average price of $145.45 and a 200 day moving average price of $139.79. ARM has a twelve month low of $85.61 and a twelve month high of $188.75. The company has a market cap of $162.84 billion, a price-to-earnings ratio of 204.49, a PEG ratio of 7.83 and a beta of 4.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in ARM during the second quarter valued at $737,000. Brookstone Capital Management increased its stake in ARM by 12.4% in the 3rd quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after buying an additional 156 shares during the last quarter. Ritholtz Wealth Management increased its stake in ARM by 23.2% in the 3rd quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock valued at $395,000 after buying an additional 520 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of ARM by 10.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,890 shares of the company’s stock worth $413,000 after purchasing an additional 263 shares during the period. Finally, VitalStone Financial LLC bought a new stake in shares of ARM in the 3rd quarter worth approximately $110,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

About ARM

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.