ARM Holdings plc Stock Rating Reaffirmed by Numis Securities Ltd (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 1,150 ($19.08) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 18.43% from the stock’s previous close.
ARM Holdings plc (LON:ARM) opened at 974.28 on Monday. ARM Holdings plc has a one year low of GBX 810.9999 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 885.3 and its 200-day moving average is GBX 922.8. The company’s market cap is £13.724 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 725 ($12.03) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. They now have a GBX 900 ($14.94) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 824.14 ($13.68).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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