ARM Holdings Share Discussion Threads

[philanderer] 24/10/2015 09:36

More than welcome guys :-)

'ARM Forum: Shaping the Next Tech Revolution'

November 3, 2015, 17:00 – 21:00

[market sniper1] 23/10/2015 19:17

Seconded here here. Thankyou phil.

[lucas5950] 23/10/2015 19:09

Well congratulations to those who stuck with ARM and topped up. Also, big massive thank you to Phil for keeping this forum alive, it's been a valuable source for info. Let the upwards march continue :)

[philanderer] 23/10/2015 17:20

Splendid week.... off to see Sicario

Good weekend everyone :-)

[market sniper1] 23/10/2015 11:07

Moving up nicely.

[steptoes yard] 23/10/2015 11:05

Given the growth in the sector and the economic moat in place I see eps of £1 in the next 5 yrs

[philanderer] 23/10/2015 09:17

Best share price in over 4 months.. morning everyone :-)

[philanderer] 22/10/2015 18:26

Nice one , thanks Marty

[market sniper1] 22/10/2015 10:55

Investec Reiterates Buy Rating for ARM Holdings plc (ARM)
October 21st, 2015 • 0 comments • Filed Under • by ABMN Staff

ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reissued by equities researchers at Investec in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,200 ($18.52) price objective on the stock. Investec’s price objective would indicate a potential upside of 24.61% from the company’s currentprice.

Shares of ARM Holdings plc (LON:ARM) opened at 1029.0000 on Wednesday. The company’s market cap is GBX 14.52 billion. ARM Holdings plc has a 12 month low of GBX 778.50 and a 12 month high of GBX 1,332.50. The stock’s 50 day moving average is GBX 949.31 and its 200-day moving average is GBX 1,035.63.

[market sniper1] 22/10/2015 09:59

ARM ARM holdings



Beaufort Securities Note......

ARM Holdings (LON:ARM) – Buy

Yesterday, ARM Holdings declared its unaudited results for the third quarter and nine months ended 30th September 2015. Revenues advanced 24% y-o-y to £243.1m in Q3 2015, while revenues for the first nine months stood at £699.1m, 23% higher than the same period last year. Pre-tax profit improved 30% to £102.9m in Q3 2015, resulting in an EPS of 6.06p against 4.57p in Q3 2014. Net cash at the end of period stood at £898.2m (31st December 2014: £861.7m). On the operational front, the company signed 38 processor licences for a variety of applications. In July, ARM Holdings acquired Sansa Security, which is a provider of hardware security IP and software for advanced system-on-chip components. The company registered a 20% y-o-y growth in ARM-based chips shipped to 3.6 billion.

Our view:

ARM Holdings delivered solid performance in the first nine months of 2015 with enhanced revenues and margins. The improvement was led by royalty revenue growth, driven by premium chip pricing and higher royalty percentages from its ARMv8-A based chips. The company continued to deploy ARM technology in a wide range of products including sensors, servers, smart meters and smartphones. Furthermore, the company enjoys a healthy balance sheet with solid asset base and improved cash position. We expect the royalty revenue to grow faster capitalizing on the recently signed new licenses and the rise in royalty per chip in mobile devices. ARM Holdings is likely to meet its full year revenues guidance if the macroeconomic changes do not hold back consumer spending. Therefore, we continue to recommend a Buy rating on the stock.

[market sniper1] 22/10/2015 08:03

Canaccord Genuity Reiterates Buy Rating for ARM Holdings plc (ARMH)
October 21st, 2015 •

ARM Holdings plc (NASDAQ:ARMH)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research note issued to investors on Wednesday, MarketBeat.Com reports.

ARM Holdings plc (NASDAQ:ARMH) traded up 4.60% during mid-day trading on Wednesday, reaching $46.83. 4,669,432 shares of the company’s stock traded hands. The company has a market capitalization of $22.02 billion and a price-to-earnings ratio of 47.88. ARM Holdings plc has a 52-week low of $38.40 and a 52-week high of $54.82. The company has a 50-day moving average of $43.75 and a 200-day moving average of $47.83.

ARM Holdings plc (NASDAQ:ARMH) last posted its quarterly earnings data on Wednesday, October 21st. The chip maker reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.09. During the same period in the previous year, the businessearned $0.06 EPS. The firm had revenue of $243.10 million for the quarter, compared to analyst estimates of $240.81 million. ARM Holdings plc’s quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts expect that ARM Holdings plc will post $1.42 EPS for the current year.



ARMH has been the subject of several other reports. Sanford C. Bernstein downgraded shares of ARM Holdings plc from a “market perform” rating to an “underperform” rating in a research report on Friday, June 26th. Zacks downgraded shares of ARM Holdings plc from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Morgan Stanley upgraded shares of ARM Holdings plc from an “equal weight” rating to an “overweight221; rating in a research note on Tuesday, July 7th. Topeka Capital Markets lowered their target price on shares of ARM Holdings plc from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. Finally, Northland Securities raised their price target on shares of ARM Holdings plc from $59.00 to $61.00 and gave the stock an “outperform221; rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $167.95.

ARM Holdings plc (NASDAQ:ARMH) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and associated technology and applications, and sale of development applications. The Company’s offers products, for example 16/32/64-bit RISC microprocessors, data engines, images processors, digital libraries, embedded memories, peripherals, software and development applications, as well as analog functions and high speed connectivity products. The Organization ‘s product offering includes microprocessor Cores, physical IP, development software and maintenance and support services. ARM licenses and sells its technology and products to international electronics companies, which then production, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARM’s technology to systems companies for incorporation into a variety of end products.

[market sniper1] 22/10/2015 07:26

ARM Arm Holdings

CONVICTION BUY

22 Oct 2015 ARM Holdings PLC ARM Goldman Sachs Conviction Buy 1,026.00 1,026.00 1,500.00 1,500.00 Reiterates
COVICTION BUY.

Brokers like ARM after those results yesterday, which were ahead.

[market sniper1] 21/10/2015 20:43

Good find philanderer.

[philanderer] 21/10/2015 20:32

Telegraph market report:

Arm Holdings

"Neil Campling, of Aviate Global, said: “Arm is the most disruptive company on the planet – one that is a fraction of the market cap of the companies it is disrupting. We view this set of results as indicative of Arm’s unique offering in providing an ecosystem across all end markets.”

[blueclyde] 21/10/2015 20:18

Bought in for the first time today looks to be a long term winner as it is the best at what it does. Must also be one of the top takeover targets on the FTSE too.

[market sniper1] 21/10/2015 20:10

No probs philanderer, you do a great job keeping this thread ticking over day after day, cheers.

[philanderer] 21/10/2015 18:34

ms, thanks for all the updates .... been out most of the day.

[market sniper1] 21/10/2015 14:50

ARM's profit surge extends rally
By Harriet Mann | Wed, 21st October 2015 - 13:33

ARM's profit surge extends rally With premium prices and higher royalty rates, growing demand for devices using Arm's () v8 chips has driven another amazing performance at the resurgent chip designer. They help make the new iPhone 6 work, but concerns over China's economic slowdown had triggered a share sell-off over the summer. Now, with business clearly booming and demand for electronics likely to surge in the busy Christmas period, investors are piling back in. Experts reckon further upside is likely.
Jumping 24%, sales hit £243.1 million in the three months to 30 September, driven by a 37% increase in processor royalty turnover - representing the bulk of group revenues - and a 5% increase in licensing revenue. With 38 licences for a broad range of applications signed in the period, the adoption of ARM technology is clearly not slowing. Over 3.6 million chips were shipped in the quarter. Underlying pre-tax profit and earnings per share rose by 27% to £128.4 million and 29% to 7.6p respectively. Gross margin of 96.3% is ahead of consensus, too.

"The company is in a purple patch at the moment with a large number of v8 based end devices now coming to market," said Investec analyst Julian Yates. "While we suspect some of the Q3 beat was driven by some Q4 'pull forward' in terms of customer device releases, we think the company should still be able to deliver sequential Q4/Q3 royalty growth, but not as marked as in previous years."

However, the group generated less cash than last year (at £86.6 million) and its fourth-quarter investment budget of £117-£119 million is slightly ahead of expectations, given its additional investment in enterprise infrastructure and opportunities for new revenue streams from the Internet of Things.

With strong royalty momentum and a healthy licensing pipeline behind the group as it enters the final quarter of the year, management are confident they will meet expectations.

Succumbing to wider market pressures and weak macro concerns, a harsh sell off cost ARM nearly a quarter of its market value in August, with the shares bottoming out at 812p on what is now known as Black Monday. After industry M&A talk supported a further recovery last week, this better-than-expected update pushed the shares to 1,057p through the 200-day moving day average. Losses since July have now been won back.

Yates thinks the shares are worth 1,200p. Numis analyst Nick James reckons it could be as high as 1,350p. "[The] stock trades at P/E of 34x/28x FY15E/16E, which is at the bottom of its historic range of 30-55x, whereas we believe ARM's prospects to sustain historic growth rates are as strong as ever."

[market sniper1] 21/10/2015 14:44

Investec Reiterates Buy Rating for ARM Holdings plc (ARM)
October 21st, 2015 • 0 comments • by ABMN

ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reissued by equities researchers at Investec in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,200 ($18.52) price objective on the stock. Investec’s price objective would indicate a potential upside of 24.61% from the company’s currentprice.

Shares of ARM Holdings plc (LON:ARM) opened at 1029.0000 on Wednesday. The company’s market cap is GBX 14.52 billion. ARM Holdings plc has a 12 month low of GBX 778.50 and a 12 month high of GBX 1,332.50. The stock’s 50 day moving average is GBX 949.31 and its 200-day moving average is GBX 1,035.63.

A number of other research firms also recently issued reports on ARM. Credit Suisse reissued an “outperform221; rating and set a GBX 1,300 ($20.07) target price on shares of ARM Holdings plc in a research report on Tuesday, July 7th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,350 ($20.84) price target on shares of ARM Holdings plc in a report on Monday, August 3rd. Natixis reissued a “neutral”; rating and set a GBX 1,000 ($15.44) target price on shares of ARM Holdings plc in a report on Wednesday. Barclays dropped their price target on shares of ARM Holdings plc from GBX 1,300 ($20.07) to GBX 1,250 ($19.30) and set an “overweight221; rating on the stock in a research report on Thursday, July 23rd. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 650 ($10.03) target price on shares of ARM Holdings plc in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,145.32 ($17.68).



In other news, insider Chambers,Stuart J acquired 10,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of GBX 994 ($15.34) per share, for a total transaction of £99,400 ($153,442.42). Also, insider Green,Andy acquired 5,250 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of GBX 953 ($14.71) per share, for a total transaction of £50,032.50 ($77,234.49).

ARM Holdings plc (LON:ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and associated technology and applications, and sale of development applications. The Company’s offers products, for example 16/32/64-bit RISC microprocessors, data engines, images chips, digital libraries, embedded memories, peripherals, applications and development applications, in addition to analog functions and high speed connectivity products. The Company’s product offering comprises physical IP microprocessor Cores, development tools and care as well as support services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific conventional processors (ASSPs) and microcontrollers (MCUs) based on ARM’s technology to systems companies for incorporation into various end products.

[market sniper1] 21/10/2015 12:43

21 Oct 2015 ARM Holdings PLC ARM Investec Buy 1,030.50 963.00 1,200.00 1,200.00 Reiterates

SP Target 1200p

[mapocho] 21/10/2015 12:31

Great company ARM.... Well done..

[market sniper1] 21/10/2015 12:21

ARM remains a unequivocal BUY

[market sniper1] 21/10/2015 12:19

ARM..... ARM HOLDINGS.....

SP as responded very strongly to results today which were AHEAD of Broker Consensus figures. The share price should continue to rise going forward.



Broker Aviate......BUY

Q3 Sales £243m ahead of £240m, EPS inline. The power of the long term business model is coming through. Need proof? End semi market is growing just 2% (Gartner, WSTS estimates etc) in 2015 so note ARM's sales are +23% YoY year-to-date. Key royalty growth is up an outstanding +37% YoY in US$ terms in Q3 versus market growth of -2%. Simply stunning. What’s more Q3 delivered accelerating growth: headline 24% sales growth in sterling terms and 17% in USD, thanks to the two key metrics of processor licensing +9% in Q3 (+6% YTD) and royalty processors +48% in Q3 (+45% YTD). High end, high royalty v8a penetration is an incredible 60% of smartphone design wins. Could be as high as 75% at the exit run rate of Q4 (had previously expected 60% at end of year).
Now you must remember that ARM reports revenues one quarter after licensees shipments in Q2. So it is worth remembering that Q2 was when smartphone chip volumes and end markets reportedly fell off a cliff (over a dozen related semiconductor company warnings). So these great set of results mean just one thing. ARM is gaining further market share, higher ARM content, and higher royalty rate and newer technology take rates.
36 processor licenses signed which is a driver of future royalty growth. Solid. 50% of new Mali licenses are for (higher royalty rate) next gen processors, six ARMv8 high margin processor licenses sold. It is the very essence of the leading edge solutions that is now clearly driving growth. Increasing royalty revenue due to increasing shipments of chips containing ARM's latest technology, ARMv8-A, big.LITTLE and Mali graphics. Overall 3.6 billion chips shipped in Q3, up 20% YoY. Next generation royalty rates have the potential to be 5x the rate they were in 2011.

While operating expenses are likely to move higher in the short term this was well flagged at last month’s analyst day. ARM is beginning to see new adoption in servers and the datacentre. As we suggested last week on Intel’s results we suspected ARM was just beginning to sow the seeds of disruption in Intel’s DCG (Data Centre Group) which is 60% of Intel’s profits. ARM had less than 1% market share in servers in 2014 but have a path to a potential 25% share by the end of the decade.

We view this set of results as indicative of ARM’s unique offering in providing an ecosystem across all verticals, all geographies, all end markets. ARM now signs more embedded device licenses (think Vehicles, smart cards, embedded computing etc.) than smartphones. The fact is whether Samsung lose share to Huawei and Xiaomi, for example, or GM to BMW, ARM is literally at the core of all and the enabler of the move to the IoE (Internet of Everything).


ARM is the most disruptive company on the planet. One that is a fraction of the market cap of the companies it is disrupting.

ARM remains a unequivocal BUY