Barclays Reiterates “Overweight” Rating for ARM Holdings plc (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Wednesday. They currently have a GBX 1,200 ($20.51) price target on the stock. Barclays’ price objective indicates a potential upside of 39.21% from the stock’s previous close.
Shares of ARM Holdings plc (LON:ARM) traded down 0.46% during mid-day trading on Wednesday, hitting GBX 862.00. The stock had a trading volume of 2,937,996 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 880.7 and its 200-day moving average is GBX 934.9. The company’s market cap is £12.142 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,125 ($19.22) price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 824.14 ($14.08).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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