ARM Holdings plc Target of Unusually Large Options Trading (ARMH)
ARM Holdings plc (NASDAQ:ARMH) saw some unusual options trading on Friday. Investors bought 14,133 put options on the stock, AnalystRatings.Net reports. This is an increase of approximately 871% compared to the typical daily volume of 1,455 put options.
A number of analysts have recently weighed in on ARMH shares. Analysts at Deutsche Bank upgraded shares of ARM Holdings plc (NASDAQ:ARMH) from a “sell” rating to a “buy” rating in a research note to investors on Friday, August 30th. Separately, analysts at Benchmark Co. raised their price target on shares of ARM Holdings plc (NASDAQ:ARMH) from $45.00 to $48.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of ARM Holdings plc (NASDAQ:ARMH) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 9th. They now have a $40.80 price target on the stock.
Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.76.
Shares of ARM Holdings plc (NASDAQ:ARMH) traded down 0.28% on Friday, hitting $46.56. 1,002,160 shares of the company’s stock traded hands. ARM Holdings plc has a one year low of $27.12 and a one year high of $50.56. The stock has a 50-day moving average of $41.51 and a 200-day moving average of $42.11. The company has a market cap of $21.691 billion and a price-to-earnings ratio of 93.19.
ARM Holdings plc (NASDAQ:ARMH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $171.20 million for the quarter, compared to the consensus estimate of $256.41 million. During the same quarter last year, the company posted $0.04 earnings per share. ARM Holdings plc’s revenue was up 26.3% compared to the same quarter last year. Analysts expect that ARM Holdings plc will post $1.03 EPS for the current fiscal year.
ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical Internet protocol (IP) and related technology and software, and sells development tools.
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