ARM Holdings plc’s Buy Rating Reaffirmed at Jefferies Group (ARM)

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ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a report issued on Tuesday. They currently have a GBX 1,140 ($18.92) price objective on the stock. Jefferies Group’s price objective points to a potential upside of 16.80% from the stock’s previous close.

A number of other analysts have also recently weighed in on ARM. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday. They now have a GBX 1,150 ($19.08) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 725 ($12.03) price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. They now have a GBX 900 ($14.94) price target on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. ARM Holdings plc currently has a consensus rating of “Buy” and an average target price of GBX 824.14 ($13.68).

ARM Holdings plc (LON:ARM) opened at 984.50 on Tuesday. ARM Holdings plc has a 52-week low of GBX 810.9999 and a 52-week high of GBX 1112.00. The stock has a 50-day moving average of GBX 890.0 and a 200-day moving average of GBX 923.1. The company’s market cap is £13.868 billion.

The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, September 3rd.

ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.

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