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ARM Holdings, plc (ARMH)

- NASDAQ
  • Jul. 24, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABC, AOS, ARMH, ARW, ATI, BA, CAT, CFR, CKSW, CP, CVE, DAL, DPS, ECA, ELN, EMC, EVR, F, GD, GNTX, ICON, LAD, LCC, LL, LLY, MCO, MDCO, MSA, MSI, MTH, NDAQ, NOC, NOR, NYCB, OC, OCR, PCH, PEP, PLD, PVR, PX, RAI, RCI, RDN, RES, RLGY, SAVE, STX, TEL, TMO, TROW, TUP, WLP, WYN
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  • Jul. 23, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABC, AOS, ARMH, ARW, ATI, BA, CAT, CFR, CKSW, CP, CVE, DAL, DPS, ECA, ELN, EMC, EVR, F, GD, GNTX, ICON, LAD, LCC, LL, LLY, MCO, MDCO, MSA, MSI, MTH, NDAQ, NOC, NOR, NYCB, OC, OCR, PCH, PEP, PLD, PVR, PX, RAI, RCI, RDN, RES, RLGY, SAVE, STX, TEL, TMO, TROW, TUP, WLP, WYN
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  • Jul. 12, 2013, 6:27 PM
    ARM's (ARMH +3.7%) Q2 royalty revenue should be in a range of $117M-$134M, largely favorable to a $119M consensus, argues BofA/Merrill in a note that helped shares continue their recent rally. ARM's royalty growth has been fueled both by higher royalties per mobile processor sales (thanks to the adoption of dual/quad core processors, Cortex, and Mali), and by rising shipments of low-cost embedded chips. STMicroelectronics (STM) recently announced an ARM-based microcontroller that sells for just $0.32. Q2 results arrive on July 24.
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  • Jul. 9, 2013, 11:52 AM
    Nokia (NOK +2.5%) was working on a Windows RT (MSFT +0.3%) tablet set to launch earlier this year, but cancelled the project to focus on building a Windows 8 tablet, The Verge reports. Leaked pictures of the shelved RT device suggest it had a ~10" display and 4G connectivity. OEM interest in ARM-based (ARMH) RT tablets has been waning thanks to weak initial sales, a lack of support for older Windows apps, and the availability of Win. 8 tablets with similar form factors (made possible by Intel's Clover Trail Atom CPU). Look for Nokia's Win. 8 tablet to use Intel's (INTC) upcoming Bay Trail Atom CPU.
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  • Jul. 3, 2013, 10:15 AM
    UBS upgrades ARM (ARMH +2.2%) to Buy, sending shares above $37. The firm argues ARM's fundamentals are unchanged in spite of its recent selloff, and touts its mobile/networking growth opportunities. UBS downgraded ARM to Neutral on Jan. 16, when shares were at $40.39. Investec upgraded ARM last week.
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  • Jun. 26, 2013, 9:41 AM
    Tech ratings change roundup: 1) Mellanox (MLNX +2.7%) has been upgraded to Buy by Stifel. 2) NetGear (NTGR -4.6%) has been downgraded to Sell by Goldman. 3) ARM (ARMH +1.1%) has been upgraded to Buy by Benchmark, and to Overweight by Piper. 4) Rackspace (RAX +5%) has been upgraded to Outperform by Wells Fargo. 5) Splunk (SPLK +1.9%) has been started at Outperform by Wedbush. 6) Allot (ALLT +3.7%) has been upgraded to Outperform by Wedbush, and to Buy by Wunderlich. 7) Rubicon (RBCN -3.3%) has been downgraded to Neutral by JPMorgan. 8) Orbitz (OWW +4.1%) has been started at Buy by Ascendiant Capital. 9) Lam Research (LRCX -1.4%) has been upgraded to Buy by BofA/Merrill. 10) Adobe (ADBE +2.4%) has been upgraded to Buy by Jefferies.
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  • Jun. 25, 2013, 11:03 AM
    Investec upgrades ARM (ARMH +1.9%) to Buy, sending shares back above $36. The firm thinks ARM's current share price implies major near-term share loss, something deemed unlikely. Shares are down 28% from a May 16 all-time high of $50.56, but still carry steep multiples. Numis downgraded ARM to Reduce last week.
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  • Jun. 19, 2013, 11:20 AM
    The Street reacts favorably to Nvidia's (NVDA +7.3%) decision to license its GPU cores and related IP to other mobile processor developers, rather than simply pin its mobile hopes on Tegra sales. "If there was ever a way for Nvidia to get into Apple, the IP licensing angle is likely it," says Raymond James, which thinks the move could also limit traction for ARM's (ARMH -0.8%) Mali GPU cores. Evercore is less optimistic about Apple, stating checks point to "significant internal GPU design efforts" at the company. It views Samsung as a possibility, but adds the Korean electronics giant is "cycling through IP vendors and chip suppliers."
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  • Jun. 18, 2013, 5:27 PM
    In a strategy shift, Nvidia (NVDA) is offering to license its Kepler GPU architecture, as well as "visual computing" IP, to other chipmakers looking to power mobile hardware. Kepler serves as the foundation for much of Nvidia's PC/workstation GPU lineup, as well the GPU within its next-gen Tegra 5 (Logan) processor. Nvidia's move puts it into competition with GPU core licensing leader Imagination (IGNMF.PK), and also ARM's (ARMH) fast-growing Mali GPU core business. Potential licensees include Qualcomm (uses home-grown GPUs), Intel (ditto), Apple (Imagination client), and Samsung (Imagination and Mali client). Tough competition for Tegra may have influenced Nvidia's decision.
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  • Jun. 18, 2013, 11:35 AM
    AMD's first ARM-based server CPU, codenamed Seattle, will enter production in 2H14, the chipmaker announces. Seattle CPUs will feature 8 or 16 of ARM's (ARMH) high-end Cortex-A57 cores, with each running at 2GHz. or more. AMD claims the chips will "offer 3-4x the performance" of its new Opteron X-Series parts, and will integrate 10G Ethernet links and SeaMicro's Freedom Fabric tech. Seattle, aimed at the budding microserver market, will face competition from fellow ARM licensees AppliedMicro (AMCC +6.5% - appears to be rallying on the news), Marvell (MRVL), and startup Calxeda, and also Intel's Atom CPUs. Look for H-P to consider Seattle for its Moonshot server line.
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  • Jun. 17, 2013, 9:45 AM
    British i-bank Numis cuts ARM (ARMH -4.1%) to Reduce, leading shares to slump out of the gate. ARM is now down 23% from its mid-May high of $50.56; a steep valuation (shares still go for 32x 2014E EPS) is a likely factor. Topeka recently started coverage at Neutral.
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  • Jun. 7, 2013, 9:33 AM
    Topeka launches coverage on the chip sector. NXP (NXPI -1.5%), Broadcom (BRCM +1.3%), Amkor (AMKR +0.5%), Freescale (FSL -0.5%), and Rambus (RMBS +0.5%) have been started at Buy, and ARM (ARMH -2.1%), Qualcomm (QCOM -2%), Applied Micro (AMCC +0.3%), and Mellanox (MLNX +1.9%) have been started at Hold. Mellanox isn't exactly a chip stock, though the company does use internally-developed ASICs in its adapter cards and switches. Qualcomm may be pressured this morning by reports of Samsung Galaxy S4 order and forecast cuts (I, II)
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  • Jun. 3, 2013, 6:56 PM
    ARM's (ARMH) new Cortex-A12 CPU core and Mali-T622 GPU core have mid-range smartphones in mind. Positioned between the low-end Cortex-A7 and Mali-400, and the top-of-the-line Cortex-A15 and Mali-T628, the A12 and T622 are meant to enable high-performance devices with $200-$350 unsubsidized price tags. The A12, said to deliver a 40% performance boost over the prior-gen A9, also supports ARM's power-saving big.LITTLE architecture. Surging Mali shipments and Cortex's higher royalty rates have been lifting ARM's total royalty rate. The next-gen Cortex-A50 line is due in 2014.
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  • May 29, 2013, 12:12 PM
    AMD tries to counter the 2012 launch of Intel's (INTC) S1200 (Centerton) Atom low-power server CPU line by launching its Opteron X-Series (codenamed Kyoto) CPUs. Like the S1200 line, the X-Series is aimed at the small but fast-growing microserver market - AMD's first two chips respectively consume 9W and 11W. AMD boasts its CPUs sport 4 cores to Intel's 2, and are also differentiated by superior throughput and their inclusion of GPU cores. However, Intel's upcoming Avoton CPUs will deliver big performance gains over Centerton. There's also plenty of competition from ARM (ARMH) server CPUs - AMD is hatching plans for its own ARM chips. The company's SeaMicro microserver unit supports a variety of CPU platforms.
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  • May 13, 2013, 11:07 AM
    More Chinese companies are popping up in Detroit as they prepare for the eventuality of a major Chinese auto manufacturer selling cars in the U.S. For the most part, the firms are flying under the radar, but the numbers are starting to swell. The Detroit Chinese Business Association now has over 100 Chinese-owned businesses in its membership with the largest percentage geared toward supplying the automobile industry. It's a trend to watch for auto suppliers (AXL, ARMH, ALV, BWA, CLC, DAN, FDML, GNTX, JCI, MGA, TEN, TRW, WBC) used to having a home field advantage with the Big Three automakers.
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  • May 2, 2013, 5:34 PM
    ARM (ARMH +0.1%) largely missed out on today's rally after GPU core rival Imagination (IGNMF.PK) fell 25.7% in London thanks to a warning. Imagination expects its FY13 (ended in April) licensing revenue to fall 22% Y/Y to £27M due to delayed deal closings, something it blames on "structural and organisational changes" at licensees. FY14 licensing revenue (exc. MIPS) is expected to total £30m- £35m, also below expectations. The damage to ARM was likely limited due to the fact ARM's share gains might be partly responsible for the warning - ARM's Mali GPU core shipments rose 5x Y/Y in Q1, and 3 new licenses were signed (raising the total to 75). (also)
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Company Description
ARM Holdings PLC designs microprocessors, physical IP and related technology and software, and sells development tools to enhance the performance and energy-efficiency of high-volume embedded applications.