ARM Holdings plc Given “Sell” Rating at Liberum Capital (ARMH)
ARMH has been the subject of a number of other recent research reports. Analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Friday, August 8th. Separately, analysts at Benchmark Co. upgraded shares of ARM Holdings plc from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $49.00 price target on the stock, up previously from $47.00. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday, August 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. ARM Holdings plc presently has an average rating of “Buy” and an average target price of $47.29.
Shares of ARM Holdings plc (NASDAQ:ARMH) traded up 0.53% during mid-day trading on Friday, hitting $47.40. 1,119,098 shares of the company’s stock traded hands. ARM Holdings plc has a one year low of $39.69 and a one year high of $55.26. The stock’s 50-day moving average is $44. and its 200-day moving average is $46.40. The company has a market cap of $22.256 billion and a price-to-earnings ratio of 83.60.
ARM Holdings plc (NASDAQ:ARMH) last released its earnings data on Tuesday, July 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that ARM Holdings plc will post $1.18 EPS 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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