ARM (ARMH -2.2%) slips after receiving yet another downgrade: Benchmark has slashed its rating...

|About: ARM Holdings, plc (ARMH)|By:, SA News Editor

ARM (ARMH -2.2%) slips after receiving yet another downgrade: Benchmark has slashed its rating to Hold from Buy, citing overly optimistic expectations. Morgan Stanley, Piper, and UBS all downgraded ARM last week, largely on valuation grounds - shares of the world's dominant CPU core licensing firm currently trade at 46x 2013E EPS. Q4 results arrive on Feb. 5.