Shares of Arm Holdings PLC (NASDAQ:ARMH) saw unusually-strong trading volume on Tuesday . Approximately 13,919,568 shares traded hands during trading, an increase of 181% from the previous session’s volume of 4,953,759 shares.The stock last traded at $65.33 and had previously closed at $66.17.

ARMH has been the topic of several research reports. Zacks Investment Research cut Arm Holdings PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Beaufort Securities reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Saturday, April 23rd. Jefferies Group cut Arm Holdings PLC from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Numis Securities Ltd cut Arm Holdings PLC from a “buy” rating to a “hold” rating in a report on Monday. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have given a buy rating to the stock. Arm Holdings PLC currently has a consensus rating of “Hold” and a consensus price target of $53.15.

The firm has a market cap of $30.62 billion and a price-to-earnings ratio of 67.17. The stock has a 50-day moving average price of $44.50 and a 200 day moving average price of $42.47.

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. On average, analysts anticipate that Arm Holdings PLC will post $1.50 EPS for the current year.

Several hedge funds have recently bought and sold shares of ARMH. 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. Dimensional Fund Advisors LP boosted its stake in Arm Holdings PLC by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 233,657 shares of the company’s stock valued at $10,571,000 after buying an additional 10,443 shares during the period. US Bancorp DE boosted its stake in 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 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. Finally, 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.

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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