Is ARM Holdings (NASDAQ:ARMH) In Trouble? JMP Securities Issues Downgrade.

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ARM Holdings (NASDAQ:ARMH) Receives a Downgrade

In a recent research report distributed to Clients today, JMP Securities cut shares of ARM Holdings (NASDAQ:ARMH) to a “Mkt Perform” rating from the previous “Mkt Outperform” rating.

From a total of 11 analysts covering ARM Holdings (NASDAQ:ARMH) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $64 while the lowest target price is $44. The mean of all analyst targets is $56.73 with a 664.83% above today’s ($50.87) stock price. ARM Holdings was the topic of 18 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Northland Capital maintained shares on October 21 with “Outperform” rating. Bank of America maintained shares with “Buy” rating and $58 target share price in a report from an August 27. Stifel Nicolaus initiated ARMH stock in a recent report from September 25 with “Buy” rating. Topeka Capital Markets maintained the rating on July 22. Topeka Capital Markets has a “Hold” rating and a $50 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a September 16.

Approximately 619,304 shares of stock traded hands. ARM Holdings plc (ADR) (NASDAQ:ARMH) has declined 2.91% since April 29, 2015 and is downtrending. It has underperformed by 2.71% the S&P500.

Is ARM Holdings (NASDAQ:ARMH) In Trouble? JMP Securities Issues Downgrade.

ARM Holdings plc is a United Kingdom firm engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The company has a market cap of $23.88 billion. 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. It has 49.79 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.

According to Zacks Investment Research, “ARM HOLDINGS designs high performance, low-cost, power-efficient RISC microprocessors and related technology and software, and sells development systems, to enhance the performance, cost-effectiveness and power-efficiency of an extensive range of embedded applications.(PRESS RELEASE)” Get a free copy of the Zacks research report on ARM Holdings plc (ADR) (ARMH).

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