ARM broker Update....9 Sep 2015 10:23
<b>ARM Holdings plc’s “Buy” Rating Reaffirmed at Jefferies Group (ARM)</b>
September 7th,
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a report issued on Monday, Market Beat reports. They presently have a GBX 1,140 ($17.31) price target on the stock. Jefferies Group’s target price would indicate a potential upside of 20.83% from the company’s currentprice.
In other ARM Holdings plc news, insider Chambers,Stuart J purchased 10,000 shares of the stock in a transaction dated Thursday, July 30th. The shares were acquired at an average cost of GBX 994 ($15.09) per share, for a total transaction of £99,400 ($150,949.13).
ARM Holdings plc (LON:ARM) opened at 946.5000 on Monday. The stock’s market capitalization is GBX 13.35 billion. ARM Holdings plc has a one year low of GBX 778.50 and a one year high of GBX 1,233.00. The company’s 50-day moving average is GBX 948.33 and its 200 day moving average is GBX 1,081.47.
The firm also recently disclosed a dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a dividend of GBX 3.15 ($0.05) per share. This represents a yield of 0.32%. The ex-dividend date is Thursday, September 3rd.
Other equities analysts have also issued reports about the stock. Credit Suisse reiterated an “outperform” rating and issued a GBX 1,325 ($20.12) target price on shares of ARM Holdings plc in a report on Thursday, June 4th. Goldman Sachs decreased their price objective on shares of ARM Holdings plc from GBX 1,550 ($23.54) to GBX 1,500 ($22.78) and set a “conviction-buy” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 900 ($13.67) target price on shares of ARM Holdings plc in a research note on Thursday, July 23rd. Deutsche Bank dropped their price objective on shares of ARM Holdings plc from GBX 1,130 ($17.16) to GBX 1,070 ($16.25) and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Finally, AlphaValue restated a “buy” rating and issued a GBX 1,192 ($18.10) target price on shares of ARM Holdings plc in a report on Thursday, August 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. ARM Holdings plc presently has an average rating of “Buy” and a consensus target price of GBX 1,156.35 ($17.56).
ARM Holdings plc (LON:ARM) is a United Kingdom-based firm engaged in designing of microprocessors, physical intellectual property (IP) and associated technology and software, and sale of development applications. The Organization ‘s offers products, like 16/32/64-bit RISC microprocessors, data engines, graphics chips, digital libraries, em