Nomura Securities Maintains a 'Reduce' on Intel (INTC); We Tried To Tell You

July 18, 2012 9:25 AM EDT
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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.

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We Tried To Tell You
stretcho44 on 2012-07-18 22:44:06
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Romit Shah has had Intel on a REDUCE rating for a year when his Intel target was $18. Romit Shah has raised his target from $18 to $25 in 12 months while maintaining a REDUCE rating. Intel has increased revenues by 20%, yielded 3% dividend and has met every forecast they have made.

Why did Romit Shah increase Intel target price by 38% over the last year and maintain his REDUCE rating? What keeps Intel from being a NEUTRAL rating?

Romit Shah has a BUY recommendation on shares of NVDA and BRCM when are both DOWN 5% to 10% during his BUY rating. Intel is UP over 15%.

Romit Shah has cost his clients who followed him 30% losses if they had followed him.

Ask him what it would take for Intel to be a NEUTRAL rating.

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