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ARM Holdings plc (NASDAQ:ARMH)‘s stock had its “sell” rating reiterated by equities research analysts at Societe Generale in a research note issued to investors on Wednesday.

ARM Holdings plc (NASDAQ:ARMH) traded up 1.89% on Wednesday, hitting $43.70. The stock had a trading volume of 1,591,252 shares. ARM Holdings plc has a 52-week low of $38.66 and a 52-week high of $55.26. The stock’s 50-day moving average is $45.40 and its 200-day moving average is $47.40. The company has a market cap of $20.524 billion and a price-to-earnings ratio of 102.85.

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.

ARMH has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Wednesday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. Finally, analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. ARM Holdings plc presently has a consensus rating of “Buy” and an average target price of $49.08.

ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.

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