Benchmark Upgrades ARM Holdings (ARMH) to Buy; Recent Pullback Offers Opportunity
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Price: $10.45 --0%
Rating Summary:
12 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
12 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Benchmark upgraded ARM Holdings (NASDAQ: ARMH) from Hold to Buy with a price target of $35.00.
Benchmark analyst says, "Once known primarily for its dominance in cellular basebands, mobile application processor and hard disk drive controllers/SoCs, ARM’s presence is increasingly being felt in new end markets such as mobile computing (tablets and notebooks), servers and microcontrollers (MCUs). In addition, ARM is gaining momentum in graphics processing and physical IP. While ARM has six distinct sources of revenue, our bullish investment thesis for ARM centers on the long-term growth prospects for the company’s very profitable Process Division (ARM PD) royalties, which represented 46% of the company’s 1H FY11 total revenue."
For more ratings news on ARM Holdings click here and for the rating history of ARM Holdings click here.
Shares of ARM Holdings closed at $28.24 yesterday.
Benchmark analyst says, "Once known primarily for its dominance in cellular basebands, mobile application processor and hard disk drive controllers/SoCs, ARM’s presence is increasingly being felt in new end markets such as mobile computing (tablets and notebooks), servers and microcontrollers (MCUs). In addition, ARM is gaining momentum in graphics processing and physical IP. While ARM has six distinct sources of revenue, our bullish investment thesis for ARM centers on the long-term growth prospects for the company’s very profitable Process Division (ARM PD) royalties, which represented 46% of the company’s 1H FY11 total revenue."
For more ratings news on ARM Holdings click here and for the rating history of ARM Holdings click here.
Shares of ARM Holdings closed at $28.24 yesterday.
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