ARM Holdings plc’s “Neutral” Rating Reaffirmed at BNP Paribas (ARMH)
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday, June 10th. They now have a $45.59 price target on the stock, down previously from $60.00. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, June 5th. Finally, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.29.
Shares of ARM Holdings plc (NASDAQ:ARMH) traded up 0.60% on Monday, hitting $45.20. The stock had a trading volume of 741,762 shares. ARM Holdings plc has a 52 week low of $34.75 and a 52 week high of $55.26. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $48.26. The company has a market cap of $21.228 billion and a P/E ratio of 108.53.
ARM Holdings plc (NASDAQ:ARMH) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $186.70 million for the quarter, compared to the consensus estimate of $185.65 million. During the same quarter last year, the company posted $0.05 earnings per share. ARM Holdings plc’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that ARM Holdings plc will post $1.20 earnings per share 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.