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

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Liberum Capital reaffirmed their sell rating on shares of ARM Holdings plc (LON:ARM) in a report released on Thursday, Marketbeat reports. Liberum Capital currently has a GBX 700 ($10.85) price objective on the stock.

ARM Holdings plc (LON:ARM) opened at 1018.00 on Thursday. ARM Holdings plc has a 52-week low of GBX 778.50 and a 52-week high of GBX 1,233.00. The stock has a 50-day moving average of GBX 1,086.97 and a 200-day moving average of GBX 1,099.49. The company’s market cap is £14.33 billion.

In other ARM Holdings plc news, insider Stuart J. Chambers bought 20,000 shares of ARM Holdings plc stock in a transaction dated Wednesday, April 22nd. The stock was purchased at an average price of GBX 1,204 ($18.67) per share, with a total value of £240,800 ($373,333.33).

A number of other analysts have also recently weighed in on ARM. Analysts at Numis Securities Ltd reiterated a buy rating and set a GBX 1,350 ($20.93) price target on shares of ARM Holdings plc in a research note on Thursday. Analysts at Sanford C. Bernstein reiterated an underperform rating and set a GBX 800 ($12.40) price target on shares of ARM Holdings plc in a research note on Tuesday. Analysts at Deutsche Bank reiterated a hold rating and set a GBX 1,130 ($17.52) price target on shares of ARM Holdings plc in a research note on Tuesday. Analysts at BNP Paribas reiterated an outperform rating and set a GBX 1,400 ($21.71) price target on shares of ARM Holdings plc in a research note on Monday, July 13th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of ARM Holdings plc to an underweight rating and lowered their price target for the stock from GBX 950 ($14.73) to GBX 900 ($13.95) in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. ARM Holdings plc presently has a consensus rating of Buy and a consensus target price of GBX 1,185.74 ($18.38).

ARM Holdings plc (LON:ARM) is a United Kingdom-based company engaged in the design of microprocessors, physical intellectual property (IP) and related technology and software, and the sale of development tools. The Company offers a range of products including microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, connectivity products, peripherals and development tools. ARM operates in three segments: the Processor Division (PD), which encompasses those resources that are centered on microprocessor cores, including specific functions such as graphics IP, fabric IP, embedded software IP and configurable digital signal processing (DSP) IP; the Physical IP Division (PIPD), which provides physical IP components for the design and manufacture of integrated circuits, including systems-on-chip (SoCs); and the System Design Division (SDD), which is focused on the tools and models used to create and debug software and SoC designs.

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