On July 20, ARM Holdings rose 3.21% in regular trading, trading at 271.84 USD/share, with turnover of approximately $201 million. The stock rebounded alongside a broad semiconductor sector recovery following consecutive sessions of selling pressure.
On the news front, the semiconductor sector saw systematic buying after an extended pullback, with major peers posting notable gains: Intel up 6.1%, Micron Technology up 4.77%, Advanced Micro Devices up 4.77%, SK hynix up 2.95%, and NVIDIA up 2.09%. ARM had previously declined over 20% from its highs following HSBC's downgrade from Buy to Hold in mid-July. On the same day, UBS lowered its price target on ARM from $470 to $360 while maintaining a Buy rating, reflecting continued institutional confidence in the company's long-term growth trajectory despite near-term valuation concerns. The consensus mean price target stands at $311.30 with an average overweight rating.
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