Arm Holdings plc (NASDAQ:ARM – Get Free Report) has received a consensus rating of “Hold” from the twenty-seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating on the company.
A number of research firms recently commented on ARM. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Monday, May 6th. BNP Paribas lowered shares of ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Friday, April 19th. Wells Fargo & Company lifted their price objective on shares of ARM from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. The Goldman Sachs Group increased their target price on shares of ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Sanford C. Bernstein boosted their price target on ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a research report on Thursday, May 16th.
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Institutional Investors Weigh In On ARM
ARM Trading Up 4.6 %
ARM stock opened at 181.18 on Wednesday. The company has a 50 day moving average of 141.50 and a two-hundred day moving average of 118.91. ARM has a 12-month low of 46.50 and a 12-month high of 188.75.
ARM (NASDAQ:ARM – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.30 by 0.06. ARM had a return on equity of 16.94% and a net margin of 9.46%. The firm had revenue of 928.00 million during the quarter, compared to analysts’ expectations of 865.94 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. Equities research analysts expect that ARM will post 0.85 EPS for the current fiscal year.
ARM Company Profile
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.
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