Arm Holdings PLC (NASDAQ:ARMH) gapped down prior to trading on Thursday . The stock had previously closed at $65.73, but opened at $66.00. Arm Holdings PLC shares last traded at $66.46, with a volume of 369,491 shares changing hands.

ARMH has been the subject of a number of research reports. Goldman Sachs Group Inc. cut 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 lowered shares of Arm Holdings PLC from a “hold” rating to a “sell” rating in a report on Monday, June 27th. William Blair lowered shares of Arm Holdings PLC from an “outperform” rating to a “market perform” rating in a report on Monday, July 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Arm Holdings PLC in a report on Tuesday, June 21st. Finally, Numis Securities Ltd lowered shares of Arm Holdings PLC from a “buy” rating to a “hold” rating in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.15.

The company has a market cap of $31.10 billion and a PE ratio of 67.35. The stock’s 50 day moving average price is $60.23 and its 200 day moving average price is $46.56.

Arm Holdings PLC (NASDAQ:ARMH) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.27. The company earned $267.60 million during the quarter, compared to analysts’ expectations of $393.45 million. Arm Holdings PLC’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. On average, analysts forecast that Arm Holdings PLC will post $1.49 earnings per share for the current year.

An institutional investor recently raised its position in Arm Holdings PLC stock. Morgan Stanley boosted its stake in shares of Arm Holdings PLC (NASDAQ:ARMH) by 124.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,810 shares of the company’s stock after buying an additional 231,498 shares during the period. Morgan Stanley owned about 0.09% of Arm Holdings PLC worth $18,857,000 at the end of the most recent reporting 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.

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.