Arm Holdings plc (NASDAQ:ARM – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $121.56.
ARM has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Hsbc Global Res upgraded ARM to a “moderate sell” rating in a research note on Monday, July 29th. Sanford C. Bernstein upgraded shares of ARM from an “underperform” rating to a “market perform” rating and raised their price target for the company from $92.00 to $100.00 in a report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday.
Check Out Our Latest Stock Analysis on ARM
Institutional Inflows and Outflows
ARM Stock Down 1.2 %
Shares of NASDAQ:ARM opened at $117.00 on Friday. The company has a market cap of $122.60 billion and a P/E ratio of 120.63. The business has a fifty day simple moving average of $153.07 and a 200-day simple moving average of $128.43. ARM has a 52 week low of $46.50 and a 52 week high of $188.75.
ARM (NASDAQ:ARM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 39.1% compared to the same quarter last year. Sell-side analysts expect that ARM will post 0.82 earnings per share for the current fiscal year.
About ARM
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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