BMO Capital Markets downgraded shares of ARM Holdings plc (NASDAQ:ARMH) from an outperform rating to a market perform rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest cut their price target on shares of ARM Holdings plc from $56.00 to $54.00 in a research note to investors on Thursday, December 19th. They now have an outperform rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of ARM Holdings plc in a research note to investors on Thursday, December 12th. They set an outperform rating and a $62.00 price target on the stock. Finally, analysts at Zacks downgraded shares of ARM Holdings plc from an outperform rating to a neutral rating in a research note to investors on Monday, November 25th. They now have a $52.80 price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. ARM Holdings plc currently has a consensus rating of Hold and a consensus target price of $50.28.
ARM Holdings plc (NASDAQ:ARMH) opened at 53.66 on Friday. ARM Holdings plc has a one year low of $34.75 and a one year high of $55.26. The stock has a 50-day moving average of $50.27 and a 200-day moving average of $45.01. The company has a market cap of $25.014 billion and a P/E ratio of 102.00.
ARM Holdings plc (NASDAQ:ARMH) last announced its earnings results on Tuesday, October 22nd. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.19. The company had revenue of $184.00 million for the quarter, compared to the consensus estimate of $274.39 million. During the same quarter last year, the company posted $0.04 earnings per share. ARM Holdings plc’s revenue was up 27.2% compared to the same quarter last year. Analysts expect that ARM Holdings plc will post $0.98 EPS for the current fiscal year.
ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical Internet protocol (IP) and related technology and software, and sells development tools.
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