A number of other analysts have also recently weighed in on ARMH. Analysts at UBS AG reiterated a “neutral” rating on shares of ARM Holdings plc in a research note to investors on Wednesday. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of ARM Holdings plc in a research note to investors on Wednesday. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note to investors on Tuesday.
Twelve investment analysts have rated the stock with a buy rating, three have given an overweight rating, fourteen have issued a hold rating, one has issued an underweight rating, and four have given a sell rating to the company’s stock. The stock presently has an average rating of “overweight” and a consensus target price of $43.81.
ARM Holdings plc traded up 0.57% on Friday, hitting $43.77. ARM Holdings plc has a 52-week low of $21.64 and a 52-week high of $44.19. The stock’s 50-day moving average is currently $42.31. The company has a market cap of $20.134 billion and a price-to-earnings ratio of 78.41.
ARM Holdings plc last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. The company had revenue of $164.20 million for the quarter, compared to the consensus estimate of $236.51 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that ARM Holdings plc will post $0.85 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, May 28th. Investors of record on Friday, April 19th will be paid a dividend of $0.13 per share. This represents a dividend yield of 0.62%. The ex-dividend date is Wednesday, April 17th.
ARM Holdings plc (ARM) designs microprocessors, physical Internet protocol (IP) and related technology and software, and sells development tools.
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