Investors bought shares of Arm Holdings PLC (NASDAQ:ARMH) on weakness during trading hours on Tuesday. $123.13 million flowed into the stock on the tick-up and $80.79 million flowed out of the stock on the tick-down, for a money net flow of $42.34 million into the stock. Of all equities tracked, Arm Holdings PLC had the 5th highest net in-flow for the day. Arm Holdings PLC traded down ($0.88) for the day and closed at $65.29

Several research analysts have recently commented on ARMH shares. Beaufort Securities reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Thursday, May 19th. Zacks Investment Research raised shares of Arm Holdings PLC from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, June 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Friday, June 10th. Goldman Sachs Group Inc. cut shares of Arm Holdings PLC from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, June 28th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Arm Holdings PLC in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.15.

The firm’s 50 day moving average is $45.10 and its 200-day moving average is $42.63. The company has a market capitalization of $30.62 billion and a PE ratio of 67.17.

Arm Holdings PLC (NASDAQ:ARMH) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The company earned $398 million during the quarter, compared to the consensus estimate of $397.51 million. Arm Holdings PLC’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. On average, analysts predict that Arm Holdings PLC will post $1.50 EPS for the current year.

Several institutional investors recently modified their holdings of the company. Edgewood Management LLC raised its position in shares of 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 during 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 worth $320,769,000 after buying an additional 551,451 shares during the last quarter. 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 worth $315,416,000 after buying an additional 22,229 shares during 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 worth $159,916,000 after buying an additional 20,111 shares during the last quarter. Finally, 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 worth $20,358,000 after buying an additional 50,000 shares during 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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