Analysts Set Arm Holdings PLC (NASDAQ:ARMH) PT at $55.14
Arm Holdings PLC (NASDAQ:ARMH) has been assigned an average rating of “Hold” from the twenty-seven analysts that are covering the stock. Twenty-three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $55.14.
A number of research firms recently weighed in on ARMH. BMO Capital Markets restated a “hold” rating on shares of Arm Holdings PLC in a report on Sunday, September 11th. Zacks Investment Research upgraded Arm Holdings PLC from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Pacific Crest reiterated a “hold” rating on shares of Arm Holdings PLC in a report on Thursday, July 28th. Beaufort Securities reiterated a “hold” rating on shares of Arm Holdings PLC in a report on Thursday, July 28th. Finally, Berenberg Bank downgraded Arm Holdings PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th.
Large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P raised its stake in shares of Arm Holdings PLC by 25.4% in the second quarter. Loomis Sayles & Co. L P now owns 10,348,264 shares of the company’s stock valued at $470,949,000 after buying an additional 2,095,480 shares during the last quarter. WCM Investment Management CA raised its position in Arm Holdings PLC by 5.5% in the second quarter. WCM Investment Management CA now owns 7,929,096 shares of the company’s stock worth $360,853,000 after buying an additional 412,163 shares in the last quarter. Bank of Montreal Can acquired a new position in Arm Holdings PLC during the second quarter worth $317,579,000. JPMorgan Chase & Co. raised its position in Arm Holdings PLC by 9.1% in the first quarter. JPMorgan Chase & Co. now owns 2,884,813 shares of the company’s stock worth $126,038,000 after buying an additional 241,094 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Arm Holdings PLC by 21.6% in the second quarter. Ameriprise Financial Inc. now owns 1,980,037 shares of the company’s stock worth $90,112,000 after buying an additional 351,492 shares in the last quarter. Institutional investors own 19.67% of the company’s stock.
Shares of Arm Holdings PLC (NASDAQ:ARMH) opened at 67.77 on Thursday. The company has a 50 day moving average price of $65.71 and a 200-day moving average price of $48.36. Arm Holdings PLC has a 52-week low of $36.68 and a 52-week high of $67.93.
Arm Holdings PLC (NASDAQ:ARMH) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.27. The company earned $267.60 million during the quarter, compared to analyst estimates of $393.45 million. Arm Holdings PLC had a net margin of 34.03% and a return on equity of 20.44%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Equities research analysts predict that Arm Holdings PLC will post $1.48 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 6th. Arm Holdings PLC’s payout ratio is currently 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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