On July 28, ARM Holdings fell 3.01% overnight, trading at $259.89/share, with turnover of $4.0096 million.

The decline was driven by broad weakness across the semiconductor sector combined with a wave of sell-side target price cuts ahead of the company's earnings release scheduled for July 29 after market close. Wells Fargo lowered its target price from $410 to $350, UBS cut 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 calls for quarterly revenue of $1.262 billion, representing 19.44% year-over-year growth, and adjusted EPS of $0.40. The proximity of the earnings window amplified wait-and-see sentiment, further suppressing price action.

Within the Semiconductors sector, stocks declined broadly. Among individual names, Micron Technology fell 3.25%, Advanced Micro Devices fell 2.55%, Intel fell 2.57%, SK hynix fell 2.41%, and NVIDIA fell 0.66%.

(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.)