Williams Financial Group Maintains a 'Hold' on Intel (INTC); Third Time's A Charm...Raising Estimates
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Price: $24.19 +0.46%
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
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Williams Financial Group maintains a 'Hold' on Intel (NASDAQ: INTC).
Analyst, Cody G. Acree, said, "...While we believe we will likely see stronger seasonal PC activity in Q4, we are hesitant to expect a return to normal levels, particularly when considering that macro activity is likely not significantly different in the second half than the muted growth we have seen through the first few months."
"After cutting our projections twice in the past two weeks, we did see margins hold up a bit better than our expectations while operating expenses also were slightly better. As such we are modestly increasing our fiscal year estimates. Our FY12 forecast improves from sales of $55.976 billion to $56.102 billion with EPS increasing from $2.41 to $2.47. Our FY13 forecast improves from sales of $60.547 billion to $61.466 billion with EPS increasing from $2.54 to $2.60."
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, with a 52 week range of $19.16-$29.27.
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Analyst, Cody G. Acree, said, "...While we believe we will likely see stronger seasonal PC activity in Q4, we are hesitant to expect a return to normal levels, particularly when considering that macro activity is likely not significantly different in the second half than the muted growth we have seen through the first few months."
"After cutting our projections twice in the past two weeks, we did see margins hold up a bit better than our expectations while operating expenses also were slightly better. As such we are modestly increasing our fiscal year estimates. Our FY12 forecast improves from sales of $55.976 billion to $56.102 billion with EPS increasing from $2.41 to $2.47. Our FY13 forecast improves from sales of $60.547 billion to $61.466 billion with EPS increasing from $2.54 to $2.60."
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, with a 52 week range of $19.16-$29.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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