ARM Holdings plc’s “Sell” Rating Reiterated at Liberum Capital (ARMH)

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Liberum Capital reiterated their sell rating on shares of ARM Holdings plc (NASDAQ:ARMH) in a research note released on Friday morning.

Liberum Capital has also updated their ratings on a number of other stocks in the last week. The firm reiterated its sell rating on shares of Unilever plc. Also, Liberum Capital reiterated its sell rating on shares of Sky Plc.

Shares of ARM Holdings plc (NASDAQ:ARMH) opened at 53.26 on Friday. ARM Holdings plc has a 1-year low of $37.75 and a 1-year high of $54.64. The stock’s 50-day moving average is $50.28 and its 200-day moving average is $45.55. The company has a market cap of $24.930 billion and a P/E ratio of 65.02.

ARM Holdings plc (NASDAQ:ARMH) last released its earnings data on Wednesday, February 11th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. The company had revenue of $225.90 million for the quarter. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that ARM Holdings plc will post $1.42 EPS for the current fiscal year.

ARMH has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a conviction-buy rating on shares of ARM Holdings plc in a research note on Wednesday, March 4th. Analysts at BNP Paribas reiterated an outperform rating on shares of ARM Holdings plc in a research note on Wednesday, March 4th. Analysts at Barclays reiterated an overweight rating on shares of ARM Holdings plc in a research note on Wednesday, March 4th. Finally, analysts at Canaccord Genuity raised their price target on shares of ARM Holdings plc from $57.00 to $60.00 and gave the company a buy rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $51.39.

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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