Sanford C. Bernstein Reaffirms Market Perform Rating for ARM Holdings plc (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “market perform” rating restated by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a GBX 750 ($12.45) price objective on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 22.96% from the company’s current price.
ARM Holdings plc (LON:ARM) opened at 964.28 on Friday. ARM Holdings plc has a 1-year low of GBX 810.9999 and a 1-year high of GBX 1112.00. The stock’s 50-day moving average is GBX 899.7 and its 200-day moving average is GBX 924.1. The company’s market cap is £13.583 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders 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 has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,140 ($18.92) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday. They now have a GBX 1,150 ($19.08) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday, August 29th. They now have a GBX 725 ($12.03) 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 824.14 ($13.68).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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