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Shares of ARM Holdings plc (NASDAQ:ARMH) saw some unusual options trading on Friday. Traders bought 17,103 put options on the company, American Banking News.com reports. This represents an increase of approximately 974% compared to the typical volume of 1,592 put options.

A number of analysts have recently weighed in on ARMH shares. Analysts at Goldman Sachs Group Inc. downgraded shares of ARM Holdings plc from a “conviction-buy” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Deutsche Bank downgraded shares of ARM Holdings plc from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at BMO Capital Markets downgraded shares of ARM Holdings plc from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.28.

Shares of ARM Holdings plc (NASDAQ:ARMH) traded down 1.07% during mid-day trading on Friday, hitting $48.27. The stock had a trading volume of 5,119,945 shares. ARM Holdings plc has a 1-year low of $34.75 and a 1-year high of $55.26. The stock’s 50-day moving average is $50.98 and its 200-day moving average is $45.43. The company has a market cap of $22.502 billion and a P/E ratio of 92.93.

ARM Holdings plc (NASDAQ:ARMH) last released its earnings data 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. Analysts expect that ARM Holdings plc will post $0.98 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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