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ARM Holdings plc (NASDAQ:ARMH)‘s stock had its “buy” rating reaffirmed by Galvan Research in a research note issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. upgraded shares of ARM Holdings plc from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $49.00 price target on the stock, up previously from $47.00. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday. Finally, analysts at Numis Securities Ltd upgraded shares of ARM Holdings plc to a “buy” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.29.

Shares of ARM Holdings plc (NASDAQ:ARMH) traded up 4.27% on Friday, hitting $45.43. 2,071,382 shares of the company’s stock traded hands. ARM Holdings plc has a 52 week low of $39.69 and a 52 week high of $55.26. The stock’s 50-day moving average is $44.30 and its 200-day moving average is $46.52. The company has a market cap of $21.331 billion and a P/E ratio of 76.04.

ARM Holdings plc (NASDAQ:ARMH) last announced its earnings results on Tuesday, July 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $309.60 million for the quarter, compared to the consensus estimate of $306.32 million. During the same quarter last year, the company posted $0.05 earnings per share. ARM Holdings plc’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that ARM Holdings plc will post $1.18 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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