Shares of Arm Holdings PLC (NASDAQ:ARMH) gapped down prior to trading on Monday . The stock had previously closed at $44.99, but opened at $45.40. Arm Holdings PLC shares last traded at $46.13, with a volume of 739,456 shares trading hands.

ARMH has been the subject of several research analyst reports. Jefferies Group lowered shares of Arm Holdings PLC from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Goldman Sachs Group Inc. lowered shares of Arm Holdings PLC from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Arm Holdings PLC from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Arm Holdings PLC in a research report on Tuesday, June 21st. Finally, Beaufort Securities reissued a “buy” rating on shares of Arm Holdings PLC in a research report on Saturday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company’s stock. Arm Holdings PLC presently has an average rating of “Hold” and an average price target of $50.38.

The company has a 50-day moving average of $43.31 and a 200 day moving average of $42.26. The firm has a market capitalization of $21.73 billion and a P/E ratio of 47.80.

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

Several large investors have added to or reduced their stakes in the stock. Edgewood Management LLC boosted 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 valued at $632,934,000 after buying an additional 671,614 shares during the period. WCM Investment Management CA boosted 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 valued at $320,769,000 after buying an additional 551,451 shares during the period. Morgan Stanley boosted 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 valued at $18,857,000 after buying an additional 231,498 shares during the period. Telemark Asset Management LLC boosted 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 valued at $20,358,000 after buying an additional 50,000 shares during the period. Finally, Sawtooth Asset Management Inc. boosted 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 valued at $1,592,000 after buying an additional 34,628 shares during the period.

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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