Liberum Capital reissued their sell rating on shares of ARM Holdings plc (LON:ARM) in a research note published on Wednesday morning, Marketbeat.com reports. They currently have a GBX 650 ($9.35) price objective on the stock.

ARM Holdings plc (LON:ARM) traded up 1.81% during trading on Wednesday, hitting GBX 1011.00. 3,050,541 shares of the stock were exchanged. The firm’s market cap is GBX 14.22 billion. The stock’s 50-day moving average price is GBX 998.47 and its 200-day moving average price is GBX 995.02. ARM Holdings plc has a 12-month low of GBX 811.50 and a 12-month high of GBX 1,332.50.

A number of other research firms have also recently weighed in on ARM. AlphaValue reaffirmed an add rating and issued a GBX 1,250 ($17.98) price objective on shares of ARM Holdings plc in a report on Thursday, December 3rd. Sanford C. Bernstein reaffirmed a market perform rating and issued a GBX 800 ($11.51) price objective on shares of ARM Holdings plc in a report on Tuesday, December 1st. BNP Paribas reaffirmed an outperform rating and issued a GBX 1,300 ($18.70) price objective on shares of ARM Holdings plc in a report on Friday, December 4th. Natixis reaffirmed a neutral rating and issued a GBX 1,000 ($14.39) price objective on shares of ARM Holdings plc in a report on Monday, December 7th. Finally, Credit Suisse reaffirmed an outperform rating and issued a GBX 1,230 ($17.70) price objective on shares of ARM Holdings plc in a report on Tuesday, November 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 1,159 ($16.67).

ARM Holdings plc (LON: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.

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