Shares of Arm rose to $161.69 during today's afternoon trading session. Despite the 6.8% change, the Large-Cap Semiconductors company still trades 19.48% above its average analyst target price of $135.33. So there may be further downside for the Semiconductors stock. Arm has target prices ranging from $55.4 to $200.0 per share, and its average rating is buy.
The stock has an above average percentage of its shares sold short at 11.6%, and a short ratio of 2.22. The company's insiders own 88.05% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a very small number of institutional investors are invested in the stock, with 6.3% of Arm's shares being owned by this investor type.
Institutions Invested in Arm
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Bank of America Corporation | 1% | 5,970,102 | $965,305,806 |
| 2024-06-30 | Goldman Sachs Group Inc | 0% | 4,348,183 | $703,057,719 |
| 2024-06-30 | Schroder Investment Management Group | 0% | 3,343,592 | $540,625,398 |
| 2024-06-30 | Artisan Partners Limited Partnership | 0% | 2,411,610 | $389,933,226 |
| 2024-06-30 | FMR, LLC | 0% | 2,271,287 | $367,244,400 |
| 2024-06-30 | Blackrock Inc. | 0% | 2,268,826 | $366,846,481 |
| 2024-06-30 | Shaw D.E. & Co., Inc. | 0% | 2,082,115 | $336,657,179 |
| 2024-06-30 | Alphabet Inc. | 0% | 1,960,784 | $317,039,169 |
| 2024-06-30 | Nvidia Corp | 0% | 1,960,784 | $317,039,169 |
| 2024-06-30 | Morgan Stanley | 0% | 2,009,728 | $324,952,925 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Arm.
