ARM Holdings plc Receives Outperform Rating from Credit Suisse (ARMH)

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ARM Holdings plc (NASDAQ:ARMH)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday, April 27th. Analysts at RBC Capital reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Thursday, April 23rd. Analysts at Benchmark Co. raised their price target on shares of ARM Holdings plc from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.14.

ARM Holdings plc (NASDAQ:ARMH) traded up 1.46% on Wednesday, hitting $51.40. 1,078,777 shares of the company’s stock traded hands. ARM Holdings plc has a 52 week low of $37.75 and a 52 week high of $54.82. The stock’s 50-day moving average is $51. and its 200-day moving average is $47.. The company has a market cap of $24.13 billion and a price-to-earnings ratio of 58.48.

ARM Holdings plc (NASDAQ:ARMH) last announced its earnings results on Tuesday, April 21st. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. The company had revenue of $348.20 million for the quarter, compared to the consensus estimate of $341.40 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that ARM Holdings plc will post $1.44 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. As of December 31, 2012, the Company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division (SDD).

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