Arm Holdings PLC (ARMH) Reaches New 52-Week High at $67.53
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 brokerages have recently weighed in on ARMH. Sanford C. Bernstein raised Arm Holdings PLC from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 21st. Zacks Investment Research raised Arm Holdings PLC from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Berenberg Bank reaffirmed a “buy” rating on shares of Arm Holdings PLC in a research note on Wednesday, July 6th. Canaccord Genuity reaffirmed a “buy” rating on shares of Arm Holdings PLC in a research note on Sunday, June 26th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Arm Holdings PLC in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.61.
The firm has a 50-day moving average price of $65.71 and a 200 day moving average price of $48.36. The stock has a market capitalization of $31.80 billion and a price-to-earnings ratio of 68.45.
Arm Holdings PLC (NASDAQ:ARMH) last issued its earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.27. During the same period in the prior year, the firm posted $0.07 EPS. The company had revenue of $267.60 million for the quarter, compared to analysts’ expectations of $393.45 million. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts expect that Arm Holdings PLC will post $1.49 EPS for the current year.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 8th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 6th.
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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