ARM Holdings plc’s “Buy” Rating Reiterated at Numis Securities Ltd (ARMH)
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. ARM Holdings plc presently has a consensus rating of “Buy” and an average price target of $47.29.
ARM Holdings plc (NASDAQ:ARMH) traded up 1.46% during mid-day trading on Tuesday, hitting $49.24. 2,466,841 shares of the company’s stock traded hands. ARM Holdings plc has a 52 week low of $40.74 and a 52 week high of $55.26. The stock’s 50-day moving average is $44.80 and its 200-day moving average is $46.. The company has a market cap of $23.120 billion and a price-to-earnings ratio of 86.05.
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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