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ARM Holdings plc (NASDAQ:ARMH) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

ARMH has been the subject of a number of other recent research reports. Analysts at Pacific Crest cut their price target on shares of ARM Holdings plc from $56.00 to $54.00 in a research note to investors on Thursday, December 19th. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of ARM Holdings plc in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $62.00 price target on the stock. Finally, analysts at Zacks downgraded shares of ARM Holdings plc from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $52.80 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.28.

Shares of ARM Holdings plc (NASDAQ:ARMH) opened at 54.01 on Friday. ARM Holdings plc has a one year low of $34.75 and a one year high of $55.26. The stock has a 50-day moving average of $50.02 and a 200-day moving average of $44.91. The company has a market cap of $25.178 billion and a P/E ratio of 104.25.

ARM Holdings plc (NASDAQ:ARMH) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.19. The company had revenue of $184.00 million for the quarter, compared to the consensus estimate of $274.39 million. During the same quarter last year, the company posted $0.04 earnings per share. ARM Holdings plc’s revenue was up 27.2% compared to the same quarter last 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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