Intel to Acquire Altera

Piper Jaffray Maintains an Overweight Rating on Intel (INTC) Following Supply Chain Meetings

Piper Jaffray maintains an Overweight rating and $38.00 price target on Intel (NASDAQ: INTC) following a supply chain meeting. Analyst Ruben Roy says that the PC market remains sluggish, but with the Windows 10 launch scheduled for July 29th, there is optimism for a Q3 comeback.

Roy commented, "While... More

Needham & Company Maintains Hold Rating on Intel (INTC) Following Dinner with Management

Needham & Company maintains a Hold rating on Intel (NASDAQ: INTC) following dinner with management. Analyst Quinn Bolton said that INTC is cautiously optimistic on Windows 10 launch.

Bolton commented, "We just returned from dinner at Computex hosted by Intels Gregory Bryant, VP, Client Computing... More

BMO Capital Downgrades Intel (INTC) to Market Perform

BMO Capital downgraded Intel (NASDAQ: INTC) from Outperform to Market Perform with a price target of $33.00 (from $40.00).

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 $33.91 yesterday.

Jefferies Maintains Buy on Intel (INTC) After Evaluating the ALTR Deal

Jefferies maintains a Buy rating and $48.00 price target on Intel (NASDAQ: INTC) after evaluating the ALTR Deal. Analyst Mark Lipacis believes that the deal highlights INTC's data center profits.

Lipacis commented, "Intel is paying a premium for ALTR, but the deal highlights... More

Raymond James Downgrades Altera (ALTR) to Market Perform

Raymond James downgraded Altera (NASDAQ: ALTR) from Outperform to Market Perform and removed its price target (prior $50.00).

For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.

Shares of Altera closed at $51.68 yesterday.

Intel's (INTC) Move to Acquire Altera (ALTR) Makes Sense, But is Largely Defensive - Cowen

Cowen and Company offers initial thoughts on the Intel (Nasdaq: INTC) and Altera (Nasdaq: ALTR) merger, which was announced earlier.

Analyst Tim Arcuri summarizes, Today INTC announced that it entered into a formal agreement to acquire Altera in an all-cash deal valued at ~ $16.7B or $54/share, representing the largest acquisition INTC has ever made. Although INTC has ~$22B in total cash/securities, it will use some debt [the company... More

Intel (INTC) to Acquire Altera (ALTR) for $54/Share

Intel (NASDAQ: INTC) and Altera Corporation (NASDAQ: ALTR) announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion.

The acquisition will couple Intels leading-edge products and manufacturing process with Alteras leading field-programmable gate array (FPGA) technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments. Intel plans to offer Alteras FPGA products with Intel Xeon® processors as highly customized,... More