ARM Holdings plc (ARMH) : Analyst Rating Update

ARM Holdings plc (ARMH) : Zacks Investment Research ranks ARM Holdings plc (ARMH) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.13, which indicates as a Buy.

ARM Holdings plc (ARMH) : Currently there are 8 street experts covering ARM Holdings plc (ARMH) stock. The most bullish and bearish price target for the stock is $62 and $40 respectively for the short term. The average price target of all the analysts comes to $51.24. The estimated standard deviation from the target is $9.38.

ARM Holdings plc (NASDAQ:ARMH): The stock opened at $43.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.86 for the day. The stock traded down to $43.32 during the day, due to lack of any buying support eventually closed down at $43.62 with a loss of -1.93% for the day. The stock had closed at $44.48 on the previous day. The total traded volume was 3,120,073 shares.

Also, Major Brokerage house, Jefferies downgrades its ratings on ARM Holdings plc (NASDAQ:ARMH). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 18, 2016. The company shares have dropped -4.84% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $54.41 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.81 and the 200 Day Moving Average price is recorded at $42.30.

ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Companys offers products, such as 16/32/64-bit 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. The Companys product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARMs technology to systems companies for incorporation into a variety of end products.

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