Shares of ARM Holdings plc (LON:ARM) have received a consensus rating of “Hold” from the twenty-five brokerages that are covering the firm. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,298.96 ($16.96).
A number of research firms recently weighed in on ARM. Kepler Capital Markets lowered shares of ARM Holdings plc to a “hold” rating and upped their target price for the stock from GBX 1,230 ($16.06) to GBX 1,700 ($22.19) in a research note on Tuesday, July 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of ARM Holdings plc in a research note on Tuesday, June 21st. Citigroup Inc. upped their target price on shares of ARM Holdings plc from GBX 1,090 ($14.23) to GBX 1,700 ($22.19) and gave the stock a “neutral” rating in a research note on Tuesday, July 19th. Numis Securities Ltd lowered shares of ARM Holdings plc to a “hold” rating and set a GBX 1,700 ($22.19) target price on the stock. in a research note on Monday, July 18th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 1,050 ($13.71) target price on shares of ARM Holdings plc in a research note on Tuesday, June 14th.
Shares of ARM Holdings plc (LON:ARM) traded up 0.11% during mid-day trading on Thursday, reaching GBX 1701.90. 33,234,967 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 1,684.23 and its 200 day moving average is GBX 1,173.40. ARM Holdings plc has a one year low of GBX 831.64 and a one year high of GBX 1,752.00.
The business also recently disclosed a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 8th will be given a dividend of GBX 3.78 ($0.05) per share. This represents a yield of 0.23%. The ex-dividend date is Thursday, September 8th.
About ARM Holdings plc
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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