ARM Holdings plc Stock Rating Reaffirmed by Credit Suisse (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Tuesday. They currently have a GBX 1,125 ($19.22) target price on the stock. Credit Suisse’s price objective would suggest a potential upside of 27.70% from the stock’s previous close.
A number of other firms have also recently commented on ARM. Analysts at Investec reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,100 ($18.80) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Wednesday, July 16th. They now have a GBX 920 ($15.72) price target on the stock. Finally, analysts at FinnCap upgraded shares of ARM Holdings plc to a “buy” rating in a research note on Wednesday, July 16th. They now have a GBX 1,000 ($17.09) price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 827.63 ($14.14).
ARM Holdings plc (LON:ARM) traded up 5.70% on Tuesday, hitting GBX 881.0001. The stock had a trading volume of 10,720,336 shares. ARM Holdings plc has a one year low of GBX 811.00 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 884.4 and its 200-day moving average is GBX 937.4. The company’s market cap is £12.413 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be paid a dividend of GBX 2.52 ($0.04) per share. This represents a dividend yield of 0.29%. The ex-dividend date is Wednesday, September 3rd.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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