Arm Holdings PLC (NASDAQ:ARMH) shares gapped up prior to trading on Friday . The stock had previously closed at $43.29, but opened at $43.78. Arm Holdings PLC shares last traded at $45.31, with a volume of 1,059,686 shares trading hands.

ARMH has been the subject of several research reports. Canaccord Genuity reiterated a “buy” rating on shares of Arm Holdings PLC in a research note on Friday, June 10th. Goldman Sachs Group Inc. downgraded Arm Holdings PLC from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Arm Holdings PLC in a research note on Tuesday, June 21st. Pacific Crest reiterated an “overweight” rating on shares of Arm Holdings PLC in a research note on Tuesday, March 15th. Finally, Zacks Investment Research upgraded Arm Holdings PLC from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.38.

The firm has a 50 day moving average price of $43.14 and a 200 day moving average price of $42.32. The firm has a market cap of $21.29 billion and a PE ratio of 46.85.

Arm Holdings PLC (NASDAQ:ARMH) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. During the same period last year, the company earned $0.07 EPS. The business earned $398 million during the quarter, compared to the consensus estimate of $397.51 million. The business’s revenue was up 21.5% on a year-over-year basis. Equities research analysts anticipate that Arm Holdings PLC will post $1.52 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Edgewood Management LLC increased its stake in Arm Holdings PLC by 5.0% in the fourth quarter. Edgewood Management LLC now owns 13,990,591 shares of the company’s stock worth $632,934,000 after buying an additional 671,614 shares in the last quarter. WCM Investment Management CA increased its stake in Arm Holdings PLC by 8.4% in the fourth quarter. WCM Investment Management CA now owns 7,090,386 shares of the company’s stock worth $320,769,000 after buying an additional 551,451 shares in the last quarter. Morgan Stanley increased its stake in Arm Holdings PLC by 124.9% in the fourth quarter. Morgan Stanley now owns 416,810 shares of the company’s stock worth $18,857,000 after buying an additional 231,498 shares in the last quarter. Telemark Asset Management LLC increased its stake in Arm Holdings PLC by 12.5% in the fourth quarter. Telemark Asset Management LLC now owns 450,000 shares of the company’s stock worth $20,358,000 after buying an additional 50,000 shares in the last quarter. Finally, Sawtooth Asset Management Inc. increased its stake in Arm Holdings PLC by 6,053.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 35,200 shares of the company’s stock worth $1,592,000 after buying an additional 34,628 shares in the last quarter.

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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