ARM price seems to be going through a three month flattish period after a 1 year or so steady rise. Any views on what might happen next?

Yeah I would be inclined to sell and switch to IQE which I think is at similar stage ARM was few yrs ago, could be a multi-bagger from here looking at the TU yesterday

Boom, Samsung has decided to switch from IMG's GPU and has picked ARM for its latest graphics applications...

Societe Generale Sell 830.25 888.50 640.00 640.00 Reiterates

Shares of ARM Holdings PLC (ARMHY) rallied 4.7% after Deutsche Bank said the chip maker will benefit from the launch of Apple Inc.'s (AAPL) iPhone 5S.

Barclays note:
"We have known ARM has been working with its licensees on 64-bit chips, but we were expecting initial commercial silicon later this year and in a standard implementation. Apple is an ARM architecture licensee and has been developing its own application processor around ARM’s instruction set, but it is Apple’s custom design rather than a standard design from ARM. It is rare for an architecture licensee to come to market ahead of the standard implementation, but that seems to be the case with the Apple A7 chip. The sooner than expected launch of ARM 64-bit chips, and with the expected performance gains demonstrated by Apple, is a positive for ARM in its battle vs. Intel. Yesterday’s announcement by Apple is well timed given Intel are simultaneously holding their Intel Developer Forum in San Francisco.

We reiterate our Overweight rating on ARM and see upside to our price target of GBp1125. ARM shares trade on 35x/27x 2014/15E P/E, a premium multiple justified by the 30% EPS CAGR ARM has been generating through past cycles and the comparable growth we forecast for the next few years. The shift to 64-bit cores supports positive estimate momentum, as the royalty rate for ARM v8 64-bit starts at 2.00%, vs. 1.50-1.75% for the current generation of smartphone processors (Cortex A8/A9)."

A follow through for ARM today after Apple were up 5% on news below??.


Apple spiked higher after the tech giant announced that sales for its new iPhone had set a record, with consumers snapping up a record 9 million smartphones within the first few days of its launch. In addition, the company said there were more than 200 million downloads of its new iOS 7 platform.

http://www.cnbc.com/id/101031118

A follow through for ARM today after Apple were up 5% on news below??.


Apple spiked higher after the tech giant announced that sales for its new iPhone had set a record, with consumers snapping up a record 9 million smartphones within the first few days of its launch. In addition, the company said there were more than 200 million downloads of its new iOS 7 platform.

hxxp://www.cnbc.com/id/101031118


Apple were also up in afterhours trade.

Should be a knock on effect for ARM.

Investment in Cambridge Innovation Capital

IP Group completes £5m investment in Cambridge Innovation Capital; signs MoU to facilitate access to co-investment opportunities

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, is delighted to announce that it has completed a strategic investment of £5m in Cambridge Innovation Capital plc ("Cambridge Innovation Capital" or "CIC"), alongside the University of Cambridge Endowment Fund, ARM Holdings plc ("ARM"), Invesco Perpetual and Lansdowne Partners.

3rd Quarter Results

Q3 Financial Highlights
· Group revenues in US$ up 26% year-on-year (£ revenues up 27% year-on-year)
· PD Licensing revenue in US$ up 52% year-on-year. Order backlog up 3% sequentially
· PD Royalty revenue in US$ up 14% year-on-year (relevant industry revenues down 2% year-on-year[1])
· Normalised operating expenses of £85.6m (including a £5.5m charge relating to the foreign exchange revaluation of monetary items)
· Normalised profit before tax and earnings per share up 36% and 38% year-on-year respectively (IFRS PBT and EPS up 24% and 16% year-on-year)
· Net cash generation of £111.6 million

Progress on key growth drivers in Q3
· Growth in adoption of ARM® technology
o 48 processor licenses signed, driven by new technology, new markets and new customers
o Advanced technology enables a higher royalty percentage per chip
o 15 Cortex®-A processor licenses signed, including 3 Cortex-A50 series processors
o 5 Mali™ graphics processor licenses signed
o POP™ IP helps optimise ARM processor implementations. 4 POP IP licenses signed in Q3
· Growth in shipments of chips based on ARM processor technology
o 2.5 billion ARM-based chips shipped
o Continued penetration of processors containing both Cortex-A and Mali graphics processors

Investec Buy 980.50 1,100.00 1,100.00 Retains

Numis Reduce 980.50 800.00 800.00 Reiterates

Finncap Hold 980.50 - - Reiterates

JP Morgan Cazenove Neutral 980.50 625.00 625.00 Retain

Barclays Capital Overweight 0.00 1,125.00 1,125.00 Reiterates

Deutsche Bank Buy 0.00 1,080.00 1,130.00 Reiterates

Jefferies International Buy 0.00 1,300.00 1,300.00 Reiterates

Liberum Capital Sell 0.00 725.00 725.00 Retains

JP Morgan Cazenove Neutral 965.50 1,004.00 625.00 750.00 Retains

Appointment of New Chairman

Cambridge, UK, 27 January 2014 - ARM Holdings plc ("ARM") announces that Sir John Buchanan is stepping down as Chairman, at his request, due to a medical condition. The Board has conducted a thorough search and is pleased to announce that Stuart Chambers will join the Board today as Chairman designate and will succeed Sir John Buchanan as Chairman on 1 March 2014.

Final Results

Q4 Financial Highlights
· Group revenues in US$ up 15% year-on-year (£ revenues up 15% year-on-year)
· Processor licensing revenue in US$ up 26% year-on-year
· Processor royalty revenue in US$ up 7% year-on-year (relevant industry revenues up 2-3% year-on-year1)
· Normalised operating expenses of £88.1 million. IFRS operating expenses of £170.3 million include a non-cash exceptional charge of £59.5 million related to the impairment of an asset (see page 5 for details)
· Normalised profit before tax and earnings per share up 19% and 30% year-on-year respectively
· IFRS PBT down 79% year-on-year as a result of the exceptional charge; IFRS loss per share of 0.4 pence in Q4 2013 compared to earnings per share of 3.0 pence in Q4 2012
· Full year 2013 dividend increased by 27% to 5.7p

Progress on key growth drivers in Q4
· Growth in adoption of ARM® processor technology
o 26 processor licences signed for a broad range of applications from smartphones and mobile computers to medical devices, wearables and the Internet of Things
o Momentum continues in computing, servers and networking applications with the signing of an ARMv8 architecture licence and two ARMv8 processor licences
· Growth in shipments of chips based on ARM processor technology
o 2.9 billion chips shipped, up 16% year-on-year with faster growth in low-cost chips in entry-level mobile devices, microcontrollers and smart sensors

with the markets in freefall-funk it'll be interesting to see how sp reacts

Ex divi wed 16th Apr (3.6p)

UPDATE 1-Chip designer ARM sees smartphone recovery in second half

* Q1 pretax profit up 9 pct, broadly in line * Sees smartphone demand improving in second half * Shares down 3 pct (Adds CFO comments, analyst reaction, shares) By Paul Sandle LONDON, April 23 (Reuters) - ARM Holdings ARM.L , whose chip technology powers Apple's AAPL.O iPhone, said demand for smartphones would pick up in the second half after a disappointing end to 2013 resulted in first-quarter profit rising less than in previous years. Sales of top-end smartphones, a market dominated by Apple and Samsung 005930.KS , were lower than predicted during the Christmas holiday season, leading to worries that the market was becoming saturated. But ARM's Chief Financial Officer Tim Score said there were signs that demand was picking up for smartphones from the low-end to the top, where Samsung has just launched its Galaxy S5 flagship and Apple is expected to unveil a new iPhone later this year. The British company posted a 9 percent rise in pretax profit to 97.1 million pounds ($163.36 million), broadly in line with market forecasts, on revenue collected in dollars of $305.2 million, up 16 percent. In comparison, a year ago adjusted pretax profit jumped 44 percent. Royalty payments, which ARM receives a quarter in arrears on every chip that contains its technology, rose by an underlying 8 percent year on year, about a quarter of the growth it was seeing at the same time last year. Cambridge-based ARM said royalties were affected by an inventory correction as manufacturers used up components they had stockpiled because of weaker customer demand, particularly in mobile and consumer electronics. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) 2330.TW , the world's largest contract chip producer which drives more than half of ARM's processor royalties, according to Deutsche Bank analysts, said last week it was targeting record revenue in the second quarter. ID:nL3N0N91AS "There has been an inventory correction in smartphones, that looks to be unwinding," Score told reporters on Wednesday. "We saw TSMC showing very strong guidance for their second quarter, which will inform our Q3 royalties." In the longer term, growth in companies licensing ARM's technology for uses ranging from networking equipment to microcontrollers in appliances like dishwashers would also drive royalty growth, he said. Processor licensing revenue rose 38 percent in the quarter to $111.6 million. Shares in ARM were trading down 3 percent at 951 pence at 0907 GMT, around the same level they were at in September. Analyst Julian Yates at Investec, who has a "buy" rating on ARM's shares, said the indications were for second-quarter royalties to be broadly flat on the first quarter, but he was forecasting a 28 percent rise in the second half. "We expect sentiment to improve as the market gains confidence around ARM delivering this pick-up, based on improving trends from the semi-conductor industry which we have already started to see," he said.

Haven't played these for a while - long this morning @839.7p

Finncap Buy 879.50 833.50 1,000.00 1,000.00 Upgrades

Jefferies International Buy 879.50 833.50 1,140.00 1,140.00 Reiterates

Closed +15.

Half Yearly Report

Q2 financial summary
· Group revenues in US$ up 17% year-on-year (£ revenues up 9% year-on-year)
· Processor licensing revenue in US$ up 42% year-on-year
· Processor royalty revenue in US$ up 2% year-on-year
· Normalised profit before tax and earnings per share up 9% and 11% year-on-year respectively
· Net cash generation of £86.7m
· Interim dividend increased by 20%

Progress on key growth drivers in Q2
· Growth in adoption of ARM® technology
o 41 processor licences signed across our target markets of mobile computing, consumer electronics and embedded intelligent devices, taking the cumulative number of licences signed to more than 1,100
· Advanced technology enables a higher royalty percentage per chip in mobile devices, consumer electronics and enterprise infrastructure
o 7 ARMv8-A processor licences signed, including lead licences for next generation designs
o 8 Mali multimedia processor licences signed, including first licences for video and display processors
· Growth in shipments of chips based on ARM processor technology
o 2.7 billion ARM-based chips shipped, up 11% year-on-year
o Shipment growth especially strong in enterprise networking and microcontrollers



Outlook
ARM enters the second half of the year with a healthy pipeline of opportunities that is expected to both underpin continued strong licence revenue and give rise to an increase in the level of backlog. Market data indicates improving semiconductor industry conditions, leading to the expectation of an acceleration in royalty revenue growth in H2 2014. Given these dynamics, we expect Group dollar revenues for full year 2014 to be in line with market expectations.