ARM Holdings plc (ADR) (ARMH) Stock is Still a Buy : Charles Payne

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ARM Holdings plc (ADR) (NASDAQ:ARMH) is British multinational semiconductor and software Design Company which is known for its ARM processor and Systems on Chip (SoC) design. ARM Holdings plc (ADR) (NASDAQ:ARMH) is showing a lot of volatility in the market these days. Shares of ARM Holdings plc (ADR) (NASDAQ:ARMH) traded down 0.85% on Wednesday, hitting $43.33. 228,124 shares of the company’s stock traded hands. ARM Holdings plc has a 1-year low of $38.66 and a 1-year high of $55.26. Discussing ARM Holdings plc (ADR) (NASDAQ:ARMH) stocks in a program, FBN’s Charles Payne said that the company is best known for manufacturing excellent chips for ubiquitous systems, software and infrastructure for the Enterprise. Although there is a risk in Arm holdings stock, Payne rated ARM Holdings plc (ADR) (NASDAQ:ARMH) as a stock to buy. Payne thinks that Arm Holdings stock will touch $50 in coming months.

ARM

 “It’s gonna probably be higher than average risk because it hasn’t done so well recently, otherwise that I think it’s on the verge of making a net reversal and breaking up […],” said Payne.

ARM Holdings plc (NASDAQ:ARMH) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $186.70 million for the quarter, compared to the consensus estimate of $185.65 million

NewOak Capital President, James Frischling, said the ARM Holdings plc (NASDAQ:ARMH) has a lot of edge in the market because the performance of devices largely depends upon developers and ARM holdings is currently dominating the development sector.

Experts said that ARM Holdings plc (NASDAQ:ARMH) has a great advantage of the smartphone business and with the price cuts in smartphones, ARM holdings will get huge profits from the emerging markets around the world.

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