Strong fundamentals and a smart entry point are the main advantages of the security.
Earnings estimates are encouraging, sales and operating income should keep their strong 2 digits growth while dividend will go on increasing steadily. The share still has a +5% potential to reach the consensus average price target, which has a strong buyer opinion.
Technically, the stock recently briskly reacted when it got in contact with the GBp 1205 resistance, due to profit-takings. The security successfully tested the GBp 1079 support and is now evolving on its lower trend line. Consequently, investors can expect an acceleration toward the upper trend line. A first goal could be the GBp 1205 resistance. A stop loss should protect the trade around GBp 1055 in case of a further correction.
Arm Holdings plc is a semiconductor intellectual property (IP) company. The Company develops and licenses IP for various devices worldwide, and it provides development tools that accelerate product development, from sensors to smartphones to servers. Its central processing unit (CPUs) and nomenclature for properties and units (NPUs) include Cortex-A, Cortex-M, Cortex-R, Neoverse, Ethos and SecurCore. It provides processor IP, offering a range of cores to address the performance, power and cost requirements of every device, from Internet of things sensors to supercomputers, and from smartphones and laptops to autonomous vehicles. Its graphics and camera technology drives the visual experience across a range of devices, including mass-market to high-performance smartphones, Android OS-based tablets, and digital televisions. It provides foundation physical IP and processor implementation solutions to address the performance, power and cost requirements for all application markets.