Price Target Update on ARM Holdings plc (NASDAQ:ARMH)

ARM Holdings plc (NASDAQ:ARMH) : The highest short term price target forecast on ARM Holdings plc (NASDAQ:ARMH) is $62 and the lowest target price is $40. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $51.21 with a standard deviation of $9.35.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Jefferies downgrades its rating on ARM Holdings plc (NASDAQ:ARMH). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 18, 2016.

ARM Holdings plc (NASDAQ:ARMH): stock turned positive on Thursday. Though the stock opened at $45.52, the bulls momentum made the stock top out at $45.6 level for the day. The stock recorded a low of $44.88 and closed the trading day at $45.46, in the green by 1.95%. The total traded volume for the day was 2,086,558. The stock had closed at $44.59 in the previous days trading.

The company shares have dropped -17.21% from its 1 Year high price. On Jun 25, 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 $41.91 and the 200 Day Moving Average price is recorded at $42.61.

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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