Shares of Arm Holdings PLC (NASDAQ:ARMH) hit a new 52-week high on Thursday . The stock traded as high as $67.53 and last traded at $67.45, with a volume of 1,741,358 shares trading hands. The stock had previously closed at $66.28.

Several analysts recently weighed in on the stock. Sanford C. Bernstein raised shares of Arm Holdings PLC from an “underperform” rating to a “market perform” rating in a report on Thursday, July 21st. Zacks Investment Research raised shares of Arm Holdings PLC from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Berenberg Bank reissued a “buy” rating on shares of Arm Holdings PLC in a report on Wednesday, July 6th. Canaccord Genuity reissued a “buy” rating on shares of Arm Holdings PLC in a report on Sunday, June 26th. Finally, Beaufort Securities reissued a “hold” rating on shares of Arm Holdings PLC in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.61.

The company has a market cap of $31.64 billion and a P/E ratio of 68.11. The company has a 50 day moving average of $64.58 and a 200 day moving average of $48.08.

Arm Holdings PLC (NASDAQ:ARMH) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.27. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company earned $267.60 million during the quarter, compared to analyst estimates of $393.45 million. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Equities research analysts predict that Arm Holdings PLC will post $1.49 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 6th.

A hedge fund recently raised its stake in Arm Holdings PLC stock. Ameriprise Financial Inc. boosted its stake in shares of Arm Holdings PLC (NASDAQ:ARMH) by 11.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,555,253 shares of the company’s stock after buying an additional 154,241 shares during the period. Ameriprise Financial Inc. owned 0.33% of Arm Holdings PLC worth $70,366,000 as of its most recent SEC filing.

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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