Most U.K. stocks advanced as gains in financial companies and ARM Holdings Plc outweighed data that showed the British economy contracted for a second straight quarter. ARM, which designs chips for Apple Inc.’s iPhone and iPad, jumped the most since March 8 after the U.S. company reported earnings that exceeded estimates.
by Max Julius on Apr 25, 2012 at 09:22 Shares in chip designer ARM Holdings (ARM.L) rebounded on Wednesday on the back of positive broker comments and forecast-beating results from consumer electronics giant Apple, as Britain’s FTSE 100 advanced. ARM bounced 15p, or 2.8%, to 546.5p after Morgan Stanley reiterated an ‘overweight’ recommendation, Jefferies upgraded the stock to ‘hold’ from 'underperform', and Natixis lifted its rating to ‘buy’ from ‘neutral’. Shares in the Cambridge-based company, whose technology powers Apple's iPads and iPhones, slumped 6% on Tuesday after it posted first-quarter profits in line with expectations, but reported a stalling in royalties and licensing growth in its second-quarter guidance. ‘The story remains intact, and after the trough in top-line growth (13% this quarter) the shares should re-rate to a higher multiple as investors gain confidence earnings-per-share can grow more than 20% per annum,’ wrote analysts at Morgan Stanley.
hold on to your shares, the price will move up it always does. it moved down because of a downgrade ahead of numbers. this is something that happens every time numbers are due. the same thing was done to Apple with the share price going down to $560 only to go past $600 after numbers in my opinion this is done to give clients the chance to go in at a lower price. Apple will not exist without ARM. if they upgrade Apple they must upgrade ARM
ARM Holdings handed a boost: Microchip designer ARM Holdings said that people increasingly living “digital lives” had helped lift quarterly sales. The Cambridge firm said the popularity of its technology was growing beyond in-demand gadgets such as Apple’s iPad to a wider range of consumer goods such as digital TVs, fridges, dishwashers and anti-lock brake systems.
with these results we still get a downgrade from Jeffries. This is a game these people do to give theri clients a chance of buying when the share price moves lower, They did the same with Apple shares . only to have the share price move up €44 after the numbers. ARM powering ahead First quarter results for ARM saw sales up 14% to £132.5m with pre tax profit up 22% at £61.9m from sales approaching two billion chips. Warren East The company says its reach continue to extend, with end-markets now including chips for use in smart meters and the Internet of Things*, smartphones and digital TVs. Warren East, chief executive, said: “As many aspects of our lives become digital we continue to see an increase in the demand for ARM’s smarter and lower power technology, which is driving both our licensing and royalty revenues. “ARM’s royalty revenues continued to outperform the overall semiconductor industry as our customers launch their products into new markets and gain market share within existing markets. “With more customers choosing to deploy ARM technology in their products, this has been another quarter that underpins the long-term growth opportunity of the business. This growth enables us to invest in future innovative technology as well as delivering increases in profit and cash flow.”
why but is always happens after results. even if they are good , like today's the share price will go down. We always get an American broker who downgrades ARM before or after results. They must hate UK shares.
you were right ARM is down ..556.95 now. However I just cannot imnderstand how it can be down after these results. That's the market for you.
ARM Holdings Q1 Profit Climbs - Quick Facts (RTTNews.com) - ARM Holdings Plc (ARMH, ARM.L) posted higher first-quarter pre-tax profit of 51.3 million pounds compared with 30.4 million pounds in the prior-year period. After adjusting for acquisition-related and share-based payment costs, and disposal and impairment of investments, normalised pre-tax profit rose to 61.9 million pounds from 50.7 million pounds in the 2011 first quarter. Quarterly IFRS earnings per share were 2.71 pence versus last year's 1.57 pence, and earnings per ADS improved to 13.00 cents from 7.57 cents in the comparable period. Normalised earnings per share were 3.36 pence or 16.12 cents per ADS during the recent quarter, an increase from 2.73 pence or 13.12 cents per ADS a year ago. Revenues for the quarter advanced to 132.5 million pounds from 116.0 million pounds a year earlier. Chief Executive, stated, "As many aspects of our lives become digital, we continue to see an increase in the demand for ARM's smarter and lower power technology, which is driving both our licensing and royalty revenues. In the first quarter of 2012 we saw continuing demand for technology licenses driven by a remarkable variety of end markets from highly efficient servers to energy-sipping sensors. ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers launch their products into new markets and gain market share within existing markets."
Smartphone and tablet computer chip designer ARM Holdings (LON:ARM) will beat consensus estimates for its first quarter tomorrow, according to JP Morgan. The broker reckons the Cambridge-headquartered company, which makes chips used in technology superpower Apple’s iPad and iPhone, will benefit from an increase in demand in the semiconductor industry this year despite underperforming the sector recently. As a result, it is upgrading ARM to ‘neutral’ with an increased target price of 540 pence, up from 400 pence. Later this year, computer giant Microsoft (NASDAQ:MSFT) is set to release its Windows 8 operating system which will run on ARM processors. And with the anticipation of other companies releasing ARM-based tablets and devices, momentum could build as the year progresses. However, the US broker is more cautious on 2014-15 given “the nature of royalty business”. Licensing is the main risk to the stock but is “unlikely to have a major lurch in a semiconductor up-cycle”, according to JP Morgan.
Jeffries has a price target of 466p to 485 p on ARM JP Morgan today upgraded ARM price target 540p from 400p Who are we to believe ? Mon, 23rd Apr 2012 07:48 April 23 (Reuters) - ARM Holdings PLC: * JP Morgan raises ARM Holdings PLC to neutral fro m underweight * JP Morgan raises ARM Holdings PLC price target to 540P from 400P
We all know what ARM stands for . And we also know that Jefferies and the like do not always get it right. I for one believe in ARM am long in it and anything that Jeffries says will not change my opinion.
• Interest in admission to AIM remains strong amongst Chinese companies and their advisers despite the continuing caution of investors. Potential new AIM admissions from China are continuing to seek to attract Asian based investors.
GLR is like REG nothing is to be taken as done with these rare earth companies. Many do fail, you know.
No I am not in REG. I was afraid to even try to buy. But I do know that many did buy and they must be feeling a little lost at the moment. The next step is not very clear. hence my post.
I do know and said so from the very begining that this share was risky, but do you have to rub it in ?
LONDON – Media company Perform Group PLC (PER.LN) Monday said it has formed a partnership to integrate its online sports channels, LIVESPORT.TV, with LG's CINEMA 3D Smart TV. MAIN FACTS: -LIVESPORT.TV will enable LG to offer a channel for European sports fans to access live and VOD content from a range of sports. -LG will offer LIVERSPORT.TV in five European regions: the U.K., Germany, France, Spain and Italy, with each region in its own language. Copyright © 2012 Dow Jones Newswires Read more: http://www.foxbusiness.com/news/2012/04/16/perform-group-forms-partnership-with-lg/#ixzz1sCH3B3rs
I am sure he is saying < good luck to me > What a good move floating on AIM was. No where would he have got such a high share price in his home country. But then that is why he floated on AIM
" to capitalise on this fast growing market " Well, Well, They did capitalise, and very quickly, with one of the directors selling 20,000 shares at 750p. That was the reason they floated on AIM. and it work very fast for them. No way would they be able to get these returns in China. Only on AIM !!
You really want an answer to your question ? The share price was chased up by people who did not do any research and just bought. Not all companies make money out of rare earth. Plus you should know that companies trade on AIM because they can still hold a large portion of their holding. They only float a small portion , that way they can really make money out of their holding. Something which they cannot do on the main market.
The director deals reads that Shrago bought 20,000 shares at 750p when the RNS says that Shrago SOLD 20,000 shares at 750p This is a mistake he sold and he would sell more if given the chance. He must be blessing the day he came to AIM !