ARM Holdings plc Receives “Sell” Rating from Liberum Capital (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “sell” rating reiterated by equities research analysts at Liberum Capital in a research note issued to investors on Friday. They currently have a GBX 725 ($12.00) target price on the stock. Liberum Capital’s target price suggests a potential downside of 24.83% from the company’s current price.
ARM Holdings plc (LON:ARM) opened at 970.00 on Friday. ARM Holdings plc has a 52-week low of GBX 810.9999 and a 52-week high of GBX 1112.00. The stock’s 50-day moving average is GBX 882.5 and its 200-day moving average is GBX 922.5. The company’s market cap is £13.663 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 of this dividend is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. They now have a GBX 900 ($14.89) price target on the stock. Separately, 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 ($12.41) price target on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, August 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 824.14 ($13.64).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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