Nomura Securities Maintains a 'Reduce' on Intel (INTC); Investing in a Tools Maker
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Price: $24.07 -0.33%
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Nomura Securities maintains a 'Reduce' on Intel (NASDAQ: INTC) price target of $25.00.
Analyst, Romit Shah, said, "Intel announced a series of agreements with ASML (Nasdaq: ASML) (covered by Carmen Boyero) to accelerate the development of 450mm wafers and EUV lithography technologies totaling $4.1bn over a period of five years. The investment of $4 billion should not materially impact the balance sheet. Intel has $7bn in net cash and generated $21bn in operating cash flow last year. We maintain our full-year CY12 and CY13 estimates at $57bn/$2.47 and $61bn/$2.70, respectively."
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $26.17 yesterday, with a 52 week range of $19.16-$29.27.
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Analyst, Romit Shah, said, "Intel announced a series of agreements with ASML (Nasdaq: ASML) (covered by Carmen Boyero) to accelerate the development of 450mm wafers and EUV lithography technologies totaling $4.1bn over a period of five years. The investment of $4 billion should not materially impact the balance sheet. Intel has $7bn in net cash and generated $21bn in operating cash flow last year. We maintain our full-year CY12 and CY13 estimates at $57bn/$2.47 and $61bn/$2.70, respectively."
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $26.17 yesterday, with a 52 week range of $19.16-$29.27.
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