ARM Holdings plc (ADR) (ARMH) was Downgraded by The Benchmark Company to ” Hold” and the brokerage firm has set the Price Target at $67.21. Earlier the firm had a rating of “Buy ” on the company shares. The Benchmark Company advised their investors in a research report released on Jul 18, 2016.
Many Wall Street Analysts have commented on ARM Holdings plc (ADR). ARM Holdings plc (ADR) was Downgraded by Numis to ” Hold” on Jul 18, 2016. ARM Holdings plc (ADR) was Downgraded by Credit Suisse to ” Neutral” on Jul 18, 2016.
On the company’s financial health, ARM Holdings plc (ADR) reported $0.08 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.08. The company had revenue of $276.40 million for the quarter, compared to analysts expectations of $272.71 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
ARM Holdings plc (ADR) closed down -0.36 points or -0.76% at $47.08 with 11,68,030 shares getting traded on Friday. Post opening the session at $46.91, the shares hit an intraday low of $46.77 and an intraday high of $47.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 Company’s 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 Company’s 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 ARM’s technology to systems companies for incorporation into a variety of end products.