ARM Holdings plc (ADR) (NASDAQ:ARMH) announced fiscal Q4 sales that surged over analysts forecasted as demand for smart phones and tablets hiked. ARM holdings are chip maker whose chip designs power Apple Inc’s iPhone and iPad.
The Cambridge, England-based ARM Holdings reported in a statement on Tuesday that revenue in the quarter through December moved up 19% to 164.2 million pounds or $258.4 million.
Bloomberg gathered data by 18 analysts confirmed that analysts had forecasted 152.4 million pounds. Shares of ARM hiked almost 5.2% and marked the major intraday boost since Nov.
The chip maker announced in October that ARM started previous period with a record order backlog for its designs.
Its competitors include Cisco Systems, Inc (NASDAQ:CSCO) that rose +0.79% to $20.98 with the total traded volume of 857,149.00 shares and QUALCOMM, Inc (NASDAQ:QCOM) that increased +1.26% to $66.48 with the total traded volume of 277,429.00 shares.
Other Technology stocks with bullish trend include Zynga Inc (NASDAQ:ZNGA) up 6.69% to $2.74, Facebook Inc (NASDAQ:FB) up 0.21% to $28.17 and Intel Corporation (NASDAQ:INTC) up 0.99% to $21.14, whereas with bearish trend include Baidu.com, Inc. (ADR) (NASDAQ:BIDU) down -9.51% to $97.00, Sprint Nextel Corporation (NYSE:S) down -0.70% to $5.70 and NII Holdings, Inc (NASDAQ:NIHD) down -3.78% to $6.14.
ARM Holdings plc (ADR) (NASDAQ:ARMH) stock’s trade at beginning with a price of $43.48 and the current trading session climbed at a high of $43.97 other than the stock finally advanced 4.74% to $43.94.
Shares price of ARMH moved up from its 20 days moving average with 2.65% and remote positively from 50 days moving average with +8.99%. ARMH current year earnings per share experienced an addition with 28.75% while its current quarter performance remained 24.11%.
ARMH has a trade volume of 1.33 million shares is lesser as compared to average trading capacity of 2.65 million shares.
ARMH last month stock price volatility remained 1.51%. In its share capital ARMH has 460.26 million outstanding shares among them 456.19 million shares have been floated in market exchange. ARMH stock institutional ownership remained 22.81%.
The stock is ahead its 52 week low with 94.48% and lagging behind from its 52 week high price with -1.96%. Company’s beta coefficient included 0.93. Beta factors measures the amount of market risk associated with market trade.
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