Intel to Acquire Altera
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Piper Jaffray Maintains an Overweight Rating on Intel (INTC) Following Supply Chain Meetings
June 3, 2015 7:32 AM EDTPiper 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
June 2, 2015 11:18 AM EDTNeedham & 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
June 2, 2015 7:42 AM EDTBMO 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.
... MoreJefferies Maintains Buy on Intel (INTC) After Evaluating the ALTR Deal
June 2, 2015 7:23 AM EDTJefferies 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
June 2, 2015 6:33 AM EDTRaymond 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.
... MoreIntel's (INTC) Move to Acquire Altera (ALTR) Makes Sense, But is Largely Defensive - Cowen
June 1, 2015 3:08 PM EDTCowen 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
June 1, 2015 8:32 AM EDTIntel (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
