ARM Holdings plc’s Sell Rating Reiterated at Liberum Capital (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 725 ($12.12) target price on the stock. Liberum Capital’s target price would suggest a potential downside of 22.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. Separately, analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, August 7th. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Friday, August 1st. They now have a GBX 1,150 ($19.22) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 824.14 ($13.78).
ARM Holdings plc (LON:ARM) opened at 940.50 on Thursday. ARM Holdings plc has a one year low of GBX 810.9999 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 873.9 and its 200-day moving average is GBX 920.3. The company’s market cap is £13.248 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, September 3rd.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.