ARM Holdings plc (ARMH) : The consensus on ARM Holdings plc (ARMH) based on 16 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
ARM Holdings plc (ARMH) : 6 investment research analysts covering ARM Holdings plc (ARMH) have an average price target of $51.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $68 and the lowest target is $40 for the short term. Analysts expect the variance to be within $12.16 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Berenberg downgrades its rating on ARM Holdings plc (NASDAQ:ARMH). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 26, 2016.
ARM Holdings plc (NASDAQ:ARMH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.30 and $67.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.26, notching a gain of 0.84% for the day. The total traded volume was 3,096,024 . The stock had closed at $66.70 on the previous day.
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.