Nomura Securities Maintains a 'Reduce' on Intel (INTC); We Tried To Tell You
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Price: $35.11 +1.77%
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities maintains a 'Reduce' on Intel (NASDAQ: INTC) price target of $25.00.
Analyst, Romit Shah, said, "Intel reported Q2 sales of $13.5bn (+5% QoQ), slightly below our estimate of $13.6bn, and adjusted EPS of $0.53 versus our estimate of $0.52. Data Center was a bright spot, PC Client sales improved 3% QoQ and Other IA grew 3% QoQ. Intel highlighted macro weakness impacting PC shipments in Asia, Western Europe and North America. We forecast Q4 sales up 4.4% QoQ. We estimate processor ASPs will go from up 12% in 2011 to down 3% in 2012. Our estimates are unchanged at $14.3b/$0.61 in Q3; F12E EPS from $2.38 to $2.40; F13E EPS from $2.52 to $2.36."
To see Nomura's other bearish comments on Intel, Click Here
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 $25.38 yesterday.
Analyst, Romit Shah, said, "Intel reported Q2 sales of $13.5bn (+5% QoQ), slightly below our estimate of $13.6bn, and adjusted EPS of $0.53 versus our estimate of $0.52. Data Center was a bright spot, PC Client sales improved 3% QoQ and Other IA grew 3% QoQ. Intel highlighted macro weakness impacting PC shipments in Asia, Western Europe and North America. We forecast Q4 sales up 4.4% QoQ. We estimate processor ASPs will go from up 12% in 2011 to down 3% in 2012. Our estimates are unchanged at $14.3b/$0.61 in Q3; F12E EPS from $2.38 to $2.40; F13E EPS from $2.52 to $2.36."
To see Nomura's other bearish comments on Intel, Click Here
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 $25.38 yesterday.
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