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Arm Holdings Plc (NASDAQ:ARM) shares are trading lower Wednesday in sympathy with ASML Holding N.V. (NASDAQ:ASML) which reported worse-than-expected first-quarter results.
The Details:
ASML reported its first-quarter financial results before the market open Wednesday. The company reported earnings of $3.38 which missed the $3.43 per share estimate and sales of $5.75 billion which missed the $6.13 billion analyst estimate.
Shares of semiconductor companies have been trading lower amid overall market weakness and reports suggesting China has told telecom carriers to phase out foreign chips. Arm shares are down more than 12% over the past five days.
However, Evercore ISI Group analyst Mark Lipacis initiated coverage on Arm with an Outperform rating and a price target of $156 on Tuesday.
According to data from Benzinga Pro, shares are trading below the stock’s 50-day moving average of $126.42 and well-below its 52-week high of $164.00.
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An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Arm Holdings‘ page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Arm Holdings does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Arm Holdings will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
ARM Price Action: According to Benzinga Pro, Arm Holdings shares are down 10% at $110.00 at the time of publication Wednesday.
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