ARM Holdings plc Earns Buy Rating from Numis Securities Ltd (ARM)

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Numis Securities Ltd restated their buy rating on shares of ARM Holdings plc (LON:ARM) in a research note issued to investors on Monday. The firm currently has a GBX 1,150 ($19.08) price target on the stock.

Numis Securities Ltd has also modified their ratings on a number of other stocks in the few days. The firm reiterated its hold rating on shares of Smith & Nephew plc (ADR). Also, Numis Securities Ltd reiterated its add rating on shares of Randgold Resources Ltd. (ADR). Finally, Numis Securities Ltd reiterated its buy rating on shares of Barclays.

A number of other firms have also recently commented on ARM. Analysts at Liberum Capital reiterated a sell rating on shares of ARM Holdings plc in a research note on Friday, August 29th. 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 investment 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 company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 824.14 ($13.68).

Shares of ARM Holdings plc (LON:ARM) opened at 992.28 on Monday. ARM Holdings plc has a 1-year low of GBX 810.9999 and a 1-year high of GBX 1112.00. The stock’s 50-day moving average is GBX 892.6 and its 200-day moving average is GBX 923.4. The company’s market cap is £13.977 billion.

The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be paid a dividend of GBX 2.52 ($0.04) per share. This represents a dividend yield of 0.29%. The ex-dividend date is Wednesday, September 3rd.

ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.

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