ARM Holdings Gets Upgrade On Chip Growth Opportunity

By | March 25, 2014

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Key improvements and new features in chip technology developed by ARM Holdings (ARMH) prodded Canaccord Genuity analyst Matthew Ramsay on Tuesday to reiterate a buy rating and raise his stock price target to 60 from 55. ARM stock rose 2.4% to 49.64 in the stock market today. ARM Holdings designs chips used in smartphones, tablets and other devices. Its processors rule the market for mobile devices because of their low power consumption and high Scalper1 News

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