ARM Holdings plc (ADR) Receives Buy Rating from Goldman Sachs (ARMH)
ARM Holdings plc (ADR) (NASDAQ:ARMH)‘s stock had its “buy” rating reaffirmed by equities researchers at Goldman Sachs in a research report issued on Tuesday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of ARM Holdings plc (ADR) from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $49.30 price target on the stock. Separately, analysts at Sanford C. Bernstein upgraded shares of ARM Holdings plc (ADR) from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 8th. Finally, analysts at Canaccord Genuity raised their price target on shares of ARM Holdings plc (ADR) from $55.00 to $60.00 in a research note on Tuesday, March 25th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.56.
Shares of ARM Holdings plc (NASDAQ:ARMH) traded up 0.40% during mid-day trading on Tuesday, hitting $50.11. The stock had a trading volume of 877,724 shares. ARM Holdings plc has a 52-week low of $34.75 and a 52-week high of $55.26. The stock’s 50-day moving average is $49.41 and its 200-day moving average is $48.75. The company has a market cap of $23.534 billion and a price-to-earnings ratio of 139.80.
ARM Holdings plc (ADR) (NASDAQ:ARMH) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.21. The company had revenue of $189.10 million for the quarter. During the same quarter last year, the company posted $0.04 earnings per share. ARM Holdings plc (ADR)’s revenue was up 15.2% compared to the same quarter last year. Analysts expect that ARM Holdings plc will post $1.20 EPS for the current fiscal year.
ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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