Nomura Securities Maintains a 'Reduce' on Intel (INTC); Don't See Launch of Ivy Bridge as Significant Yield Issue

Nomura Securities maintains a 'Reduce' on Intel (NASDAQ: INTC) price target of $25.00.

Analyst, Romit Shah, said, "Intel indicated that Ivy Bridge parts for Ultrabooks will be available in a couple months. While this language may indicate some sort of delay relative to ODM expectations (May/June), we do not interpret this as a significant yield issue."

"This announcement from Intel may continue to pressure shares of AMD (NYSE: AMD), in our view. We expect a high number of design wins on the 22nm quad-core parts, which could affect AMD’s share in the desktop and traditional notebook space."

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 $27.60 yesterday.

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