On July 30, ARM Holdings fell 3.06% in after-hours trading, trading at 216.36 USD/share, with turnover of approximately 28.92 million USD.
On the news front, ARM released its quarterly earnings after market close on July 29, with market consensus previously expecting revenue of 1.262 billion USD, representing 19.44% year-over-year growth, and adjusted earnings per share of 0.40 USD. Multiple sell-side institutions recently issued concentrated target price reductions: Wells Fargo cut its target from 410 USD to 350 USD, UBS lowered its target from 470 USD to 360 USD while maintaining a Buy rating, and HSBC downgraded its rating from Buy to Hold with a target price raised to 315 USD. The stock had already suffered sustained selling pressure ahead of earnings, declining 5.45% on July 28 as the Philadelphia Semiconductor Index dropped 4.7%, and post-earnings sentiment remains subdued as valuation anchors continue to compress.
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