On July 28, ARM Holdings fell 3.27% in pre-market trading, trading at $258.54 per share, with turnover of $382,600. The decline extends recent selling pressure as the broader semiconductor sector weakened sharply ahead of the company's fiscal quarter earnings release scheduled for July 29 after market close.

Multiple sell-side institutions have recently lowered their price targets on ARM Holdings: Wells Fargo cut its target from $410 to $350, UBS reduced its target from $470 to $360 while maintaining a buy rating, and HSBC downgraded the stock from buy to hold with a target of $315. The consensus estimate for the upcoming quarter calls for revenue of $1.262 billion, representing 19.44% year-over-year growth, and adjusted EPS of $0.40. The proximity of the earnings window has amplified cautious positioning among investors.

Within the Semiconductors sector, stocks declined broadly. Among individual stocks, Micron Technology down 5.41%, Intel down 4.35%, SK hynix down 4.01%, Advanced Micro Devices down 3.9%, NVIDIA down 1.42%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)