ARM Holdings upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded ARM Holdings citing the recent pullback in shares and its belief the company's fundamentals will continue to outperform the overall semi market. Piper keeps a $42 price target for the stock.
ARM announces the acquisition of Wicentric and Sunrise Micro Devices ARM announced the acquisition of Wicentric, a Bluetooth Smart stack and profile provider, and Sunrise Micro Devices, a provider of sub-one volt Bluetooth radio intellectual property. Terms of the agreements have not been disclosed. The IP of both companies will be integrated to form the ARMŽ Cordio portfolio. The ARM Cordio portfolio is available for immediate licensing.