One doesn’t need to be a globetrotter to find winning foreign companies — many of them trade in the U.S. market. Today’s IBD International Leaders screen of top rated global stocks includes three highly rated chipmakers. Two Apple suppliers make the list — Avago Technologies (AVGO) and ARM Holdings (ARMH) — as well as fabless semiconductor company Silicon Motion Technology (SIMO). All three are members of IBD’s Electronic-Semiconductor Fabless
ARM Holdings (ARMH) stock was flat Wednesday morning after the chip company on Tuesday announced investments that could drive $40 million in 2016 revenue but put a 50-cent damper on earnings. The announcement came during ARM’s 2015 investor and analyst day. Pacific Crest analyst Michael McConnell boosted his price target on ARM stock to 64 from 61 and reiterated his buy rating, saying the investments could add 3 cents to EPS ex items by 2017 and
ARM Holdings (ARMH), which earns licensing fees and royalties from companies such as Apple (AAPL) and Samsung Electronics, got upgraded Tuesday by an analyst who expects the chip designer’s royalty revenue to peak in the second half of 2015. Morgan Stanley analyst Francois Meunier, in a research report, upgraded his rating on ARM Holdings to overweight from equal weight, saying “even though growth is more like 15% for royalties and 10% for the