ARM Holdings plc Stock Rating Reaffirmed by Credit Suisse (ARMH)
A number of other firms have also recently commented on ARMH. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. Separately, 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. ARM Holdings plc presently has a consensus rating of “Buy” and an average target price of $48.29.
Shares of ARM Holdings plc (NASDAQ:ARMH) traded down 2.13% on Tuesday, hitting $45.59. 960,907 shares of the company’s stock traded hands. ARM Holdings plc has a one year low of $34.75 and a one year high of $55.26. The stock’s 50-day moving average is $45.21 and its 200-day moving average is $48.0. The company has a market cap of $21.411 billion and a price-to-earnings ratio of 112.51.
ARM Holdings plc (NASDAQ:ARMH) last released its 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.
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