Nomura Securities Maintains a 'Neutral' on Intel (INTC); Review of Q1 Results
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Price: $102.50 -1.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Intel (NASDAQ: INTC), PT increased from $22 to $23.
Nomura analyst, Romit Shah, says, "INTC reported revenue of $12.8bn and EPS of $0.56, which was well ahead of our estimate of $11.7bn/$0.47. The better-than-expected results benefited from several one-time gains including: no lost revenue from the Sandy Bridge chipset (+$300mn), an extra week, channel refill, and higher ASPs. INTC delivered double-digit growth and higher margins in every product category and region in 1Q; however, we remain unconvinced that PC demand is improving. Given these factors, we believe Intel has set a high bar for 2H11. Increase ests from $0.41 to $0.50 in 2Q, $1.95 to $2.30 in 2011, and $1.95 to $2.25 in 2012."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $19.86 yesterday.
Nomura analyst, Romit Shah, says, "INTC reported revenue of $12.8bn and EPS of $0.56, which was well ahead of our estimate of $11.7bn/$0.47. The better-than-expected results benefited from several one-time gains including: no lost revenue from the Sandy Bridge chipset (+$300mn), an extra week, channel refill, and higher ASPs. INTC delivered double-digit growth and higher margins in every product category and region in 1Q; however, we remain unconvinced that PC demand is improving. Given these factors, we believe Intel has set a high bar for 2H11. Increase ests from $0.41 to $0.50 in 2Q, $1.95 to $2.30 in 2011, and $1.95 to $2.25 in 2012."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $19.86 yesterday.
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