UBS Raises Price Target on Intel (INTC) to $43 Ahead of 3Q Report
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Canaccord Genuity Raises Price Target on Intel (INTC) After Meeting with Management
September 20, 2016 11:44 AM EDTCanaccord Genuity reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $44.00 (from $40.00), after meeting with management. meetings were upbeat and focused on the diversification of DCG opportunities and visibility against stronger 2H/16 guidance in DCG. The meetings also covered the KabyLake launch and overall trends toward PC stabilization longer-term, and the recently announced sale of McAfee.
Analyst Matthew Ramsay commented, "After meeting a broad cross-section of Intel management at... More
Brean Capital Raises Price Target as Intel (INTC) Updates Revenue Guidance
September 20, 2016 9:40 AM EDTBrean Capital reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $40.00 (from $38.00), as the company increased September quarter revenue expectations. The company now expects revenue to be $15.6B plus or minus $300M versus its previous range of $14.9 billion, plus or minus $500 million.
Analyst Mike Burton... More
Nomura Securities Raises Price Target on Intel (INTC) to $42
September 19, 2016 9:16 AM EDTNomura Securities reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $42.00 (from $38.00). Intel raised its 3Q revenue expectations to $15.6b compared with its previous guidance of $14.9b, implying an EPS of $0.72 vs. Nomura's prior expectation of $0.66.
Analyst... More
Mizuho Securities Raises Price Target on Intel (INTC) to $42; Reiterates Buy
September 19, 2016 8:22 AM EDTMizuho Securities reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $42.00 (from $38.00), following the company's September quarter preannouncement. INTC raised its midpoint of revenue expectations ~5%, from $14.9B to $15.6B due to PC inventory replenishment and better PC demand.
Analyst Vijay... More
Top 10 News for 9/12 - 9/16: Agrium, Potash Make it Official; Intel Improves Outlook; Wells Fargo Changes Tune, Policies
September 16, 2016 3:58 PM EDT1. Agrium Inc. (NYSE: AGU) and Potash Corporation of Saskatchewan Inc. (NYSE: POT) announced that they have agreed to combine in a merger of equals. Under the agreement, which the Boards of Directors of both companies unanimously approved, a new parent company will be formed to own both companies. PotashCorp shareholders will receive 0.400 common shares of the new company for each common share of... More
Notable 52-Week Highs and Lows 9/16: (INTC) (AERI) (CRUS) High; (NVAX) (CXRX) (CSIQ) Low
September 16, 2016 2:19 PM EDT52-Week High:Intel Corporation (Nasdaq: INTC) $38.05. Intel announced that third-quarter revenue is expected to be above the company's previous outlook. The company now expects third-quarter revenue to be $15.6 billion, plus or minus $300 million, as compared to the previous range of $14.9 billion, plus or minus $500 million. The increase in revenue is primarily driven by replenishment of PC supply chain inventory. The company is also seeing some signs of improving PC demand. (The Street was looking for Q3 revenue of $14.9... More
RBC Lifts PT on Intel (INTC) to $38; PCs Supply Chain, Demand Boost Q3 Expectations
September 16, 2016 11:22 AM EDTRBC Capital boosts its price target on Sector Perform-rated Intel (Nasdaq: INTC) from $36 to $38 following improved Q3 guidance issued earlier Friday.
Analyst Amit Daryanani commented today: INTC updated their Sept-qtr guidance with revenues 5% above prior guidance and an EPS implication 10% above Street estimates. INTC... More
Intel (INTC) Benefiting from Datacenter, Better PC and iPhone, Baird Says; PT to $42
September 16, 2016 10:42 AM EDTBaird analyst Tristan Gerra reiterated an Outperform rating and boosted estimates and his price target on Intel (NASDAQ: INTC) to $42.00 (from $40.00) after the company raised its Q3 revenue outlook.
The analyst notes the initial iPhone7 teardown shows Intels baseband inside and they... More
Pre-Open Stock Movers 09/16: (DEPO) (INTC) (GPRO) Higher; (NVAX) (DB) (ORCL) Lower (more...)
September 16, 2016 9:29 AM EDTToday's After-Hours Movers:
Novavax, Inc., (Nasdaq: NVAX) 83% LOWER; announced topline data from two clinical trials of its RSV F-protein recombinant nanoparticle vaccine candidate (RSV F Vaccine) in older adults. The Resolve trial, a Phase 3 trial of our RSV F Vaccine in 11,856 older adults (60 years of age and older), did not meet the pre-specified primary or the secondary efficacy objectives, and did not demonstrate vaccine efficacy. Consistent with our previous clinical experience, the vaccine was well... More
Intel raises revenue forecast as PC market improves
September 16, 2016 9:17 AM EDTBy Narottam Medhora
(Reuters) - Intel Corp (NASDAQ: INTC) raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their inventory amid improving PC demand.
Shares of the world's largest chipmaker rose as much as 4.1 percent to a more than 15-year high of $38.05 on Friday.
Intel, which helped found the personal computer industry, has been struggling as tech users shift away from PCs to mobile phones for their computing needs.
Sales in the company's PC business... More
Intel (INTC) September weekly volatility low into raising Q3 revenue expectations
September 16, 2016 9:11 AM EDTIntel (NASDAQ: INTC) September weekly call option implied volatility is at 19, October is at 26; compared to its 52-week range of 15 to 37 into raising Q3 revenue expectations.
... MoreIntel (INTC) Peers Tick Higher on Improved Guidance (MSFT) (AMD)
September 16, 2016 9:06 AM EDTAdvanced Micro Devices (NASDAQ: AMD), HP, Inc. (NYSE: HPQ), and Microsoft (NASDAQ: MSFT) are higher in early trading as Intel (Nasdaq: INTC) raised its Q3 revenue expectations. For more color, click here.
... MoreAdvanced Micro Devices (AMD) Gains as Intel Raises Outlook
September 16, 2016 9:06 AM EDTAdvanced Micro Devices (NASDAQ: AMD) is up 3% pre-open after Intel (NASDAQ: INTC) raised its revenue outlook.
... MoreWall St. falls; risk of Deutsche Bank fine hits banks
September 16, 2016 9:03 AM EDTBy Noel Randewich
(Reuters) - U.S. stocks fell on Friday as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates.
The settlement proposal, made during negotiations between the U.S. Department of Justice and Deutsche Bank over claims that the German bank missold mortgage-backed securities, was larger than expected.
Deutsche Bank's U.S.-listed shares (NYSE: DB) slumped 9.35 percent. Dow components Goldman... More
Intel (INTC) Raises Q3 Revenue Outlook
September 16, 2016 9:03 AM EDTIntel Corporation (Nasdaq: INTC) announced that third-quarter revenue is expected to be above the company's previous outlook. The company now expects third-quarter revenue to be $15.6 billion, plus or minus $300 million, as compared to the previous range of $14.9 billion, plus or minus $500 million. The increase in revenue is primarily driven by replenishment of PC supply chain... More
Teva, Intel to develop wearable technology for Huntington's disease
September 15, 2016 9:45 AM EDT(Reuters) - Teva Pharmaceutical Industries Ltd (NYSE: TEVA) said on Thursday it was collaborating with Intel Corp (NASDAQ: INTC) to develop a wearable technology platform to track the progression of disease in patients with Huntington's, a fatal degenerative disorder.
The inherited condition causes the progressive breakdown of nerve cells in the brain, resulting in a gradual decline in motor control, cognition and mental stability.
There are no approved drugs to alter the course of Huntington's, although there are medicines that help with symptoms. Patients typically succumb to the... More
Intel (INTC) Declares $0.26 Quarterly Dividend; 2.9% Yield
September 15, 2016 9:02 AM EDTIntel (NASDAQ: INTC) declared a quarterly dividend of $0.26 per share, or $1.04 annualized.
The dividend will be payable on December 1, 2016, to stockholders of record on November 7, 2016, with an ex-dividend date of November 3, 2016.
The annual yield on the dividend is 2.9 percent.
For a... More