Shares of Arm Holdings PLC (NASDAQ:ARMH) traded up 40.6% on Monday . The company traded as high as $67.48 and last traded at $66.21, with a volume of 26,018,840 shares changing hands. The stock had previously closed at $47.08.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Arm Holdings PLC from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Canaccord Genuity restated a “buy” rating on shares of Arm Holdings PLC in a research report on Sunday, June 26th. Beaufort Securities restated a “buy” rating on shares of Arm Holdings PLC in a research report on Saturday, April 23rd. Barclays PLC restated an “overweight” rating on shares of Arm Holdings PLC in a research report on Saturday, April 23rd. Finally, Benchmark Co. downgraded Arm Holdings PLC from a “buy” rating to a “hold” rating and set a $67.21 price objective for the company. in a research report on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.90.

The company has a 50 day moving average of $43.82 and a 200-day moving average of $42.37. The firm has a market capitalization of $31.13 billion and a price-to-earnings ratio of 68.27.

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

Several institutional investors recently modified their holdings of ARMH. US Bancorp DE raised its position in shares of Arm Holdings PLC by 2.2% in the fourth quarter. US Bancorp DE now owns 293,682 shares of the company’s stock valued at $13,287,000 after buying an additional 6,272 shares in the last quarter. WCM Investment Management CA raised its position in shares of 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 in the last quarter. Telemark Asset Management LLC raised its position in shares of 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 in the last quarter. Wells Fargo & Company MN raised its position in shares of Arm Holdings PLC by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,534,829 shares of the company’s stock valued at $159,916,000 after buying an additional 20,111 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Arm Holdings PLC by 0.3% in the fourth quarter. Bank of Montreal Can now owns 6,972,047 shares of the company’s stock valued at $315,416,000 after buying an additional 22,229 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.