Arm Holdings PLC (NASDAQ:ARMH) has received a consensus rating of “Hold” from the twenty-seven analysts that are currently covering the stock. Twenty-three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $55.14.
Several brokerages recently issued reports on ARMH. Canaccord Genuity reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Sunday, June 26th. Berenberg Bank cut Arm Holdings PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Zacks Investment Research raised Arm Holdings PLC from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Benchmark Co. cut Arm Holdings PLC from a “buy” rating to a “hold” rating and set a $67.21 price objective for the company. in a report on Monday, July 18th. Finally, William Blair cut Arm Holdings PLC from an “outperform” rating to a “market perform” rating in a report on Monday, July 18th.
Large investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp purchased a new stake in Arm Holdings PLC during the second quarter worth about $102,000. Checchi Capital Advisers LLC increased its stake 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 period. Bessemer Group Inc. increased its stake 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 period. IFP Advisors Inc increased its stake 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 period. Finally, Seven Eight Capital LLC purchased a new stake in Arm Holdings PLC during the first quarter worth about $183,000. 19.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Arm Holdings PLC (NASDAQ:ARMH) opened at 67.77 on Thursday. Arm Holdings PLC has a one year low of $36.68 and a one year high of $67.93. The firm has a 50-day moving average price of $65.71 and a 200 day moving average price of $48.36.
Arm Holdings PLC (NASDAQ:ARMH) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.27. The firm 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%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities analysts forecast that Arm Holdings PLC will post $1.48 EPS for the current year.
The company also recently declared a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 6th. Arm Holdings PLC’s dividend payout ratio (DPR) is presently 30.09%.
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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