Arm Holdings PLC (ARMH) Downgraded by Berenberg Bank
Arm Holdings PLC (NASDAQ:ARMH) was downgraded by investment analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
The analysts wrote, “MPWR once again delivered revenue at the high-end of guidance and provided a revenue outlook ahead of our and consensus estimates. Higher than expected OPEX resulted in in-line EPS and will continue to impact NG EPS in 3Q16. We are encouraged however by strength in the Industrial and Storage and Computing high gross margin segments. With higher OPEX limiting EPS upside in the near term, we would use any pullback as an opportunity to accumulate shares. We reiterate our Buy rating and raise our PT to $76 from $68 based on our higher 2017 NG EPS estimate and a higher P/E multiple (26x vs. 24x).””
Several other equities analysts have also issued reports on ARMH. Zacks Investment Research lowered Arm Holdings PLC from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Canaccord Genuity restated a “buy” rating on shares of Arm Holdings PLC in a research report on Sunday, June 26th. Beaufort Securities restated a “buy” rating on shares of Arm Holdings PLC in a research report on Saturday, April 23rd. Barclays PLC restated an “overweight” rating on shares of Arm Holdings PLC in a research report on Saturday, April 23rd. Finally, William Blair lowered Arm Holdings PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, July 18th. Twenty-three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.43.
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Arm Holdings PLC (NASDAQ:ARMH) remained flat at $67.77 during trading on Tuesday. The stock’s 50-day moving average price is $65.71 and its 200-day moving average price is $48.36. Arm Holdings PLC has a 1-year low of $36.68 and a 1-year high of $67.93.
Arm Holdings PLC (NASDAQ:ARMH) last posted its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.27. The company had revenue of $267.60 million for the quarter, compared to analyst estimates of $393.45 million. Arm Holdings PLC had a return on equity of 20.44% and a net margin of 34.03%. Arm Holdings PLC’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Analysts expect that Arm Holdings PLC will post $1.48 EPS for the current fiscal year.
The firm also recently announced a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 6th. Arm Holdings PLC’s payout ratio is presently 30.09%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in Arm Holdings PLC during the second quarter worth $102,000. Checchi Capital Advisers LLC raised its position in Arm Holdings PLC by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,925 shares of the company’s stock worth $133,000 after buying an additional 88 shares during the last quarter. Bessemer Group Inc. raised its position in Arm Holdings PLC by 158.7% in the first quarter. Bessemer Group Inc. now owns 3,185 shares of the company’s stock worth $139,000 after buying an additional 1,954 shares during the last quarter. IFP Advisors Inc raised its position in Arm Holdings PLC by 1.1% in the first quarter. IFP Advisors Inc now owns 3,516 shares of the company’s stock worth $154,000 after buying an additional 39 shares during the last quarter. Finally, Seven Eight Capital LLC acquired a new position in Arm Holdings PLC during the first quarter worth $183,000. 19.67% of the stock is currently owned by institutional investors and hedge funds.
About Arm Holdings PLC
ARM Holdings plc (ARM) is a company engaged in designing a range of inter-related intellectual property (IP), including microprocessors, Physical IP, and supporting software and tools. Its product offering includes 16/32/64-bit reduced instruction set computing (RISC) microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products.
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