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

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.

Market Wrap: Intel, Altera Make it Official; Personal Spending Flatlines in April; ASCO Presentations in Focus

Market wrap for June 1st

End of the Day: S&P 500 up 4.3 to 2,111.73; Dow Jones up 29.7 to 18,040.37; Nasdaq up 12.9 to 5,082.93

Market Brief: U.S. markets rose Monday on light trading as investor keep an eye on Europe and more clarity surrounding the Fed's eventual move to raise rates.

Intel and Altera formally announced entering a merger agreement as speculation intensified in recent weeks.

Personal income outpaced views, while personal spending was less than expected in April.

Lots of ASCO... More

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

Notable Mergers and Acquisitions 6/1: (ALTR)/(INTC) (APO)/(OMG) (EPD)/(PXD) (FGP)

* 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... More

Pre-Open Stock Movers 06/01: (OMG) (ONTY) (ALTR) Higher; (CLVS) (CLD) (BTU) Lower (more...)

OM Group (NYSE: OMG) 27.9% HIGHER; announced that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, "Apollo", and such funds, collectively, the "Apollo Funds"), for $34.00 per share in cash. The purchase price represents a premium of approximately 28% over OM Group's closing share price on May 29, 2015.

Oncothyreon Inc. (Nasdaq: ONTY) 27.8% HIGHER; announced the presentation... 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

Intel (INTC) Near Deal to Acquire Altera (ALTR) at $54/Share

Altera Corp (NASDAQ: ALTR) is up 5.7% early to $51.65 amid reports over the weekend from the Wall Street Journal that Intel (NASDAQ: INTC) is near a long-anticipated deal to acquire the company for $54 per share. A... More

UPDATE: Intel (INTC), Altera Corp (ALTR) Merger News Could Come Next Week- FT

(Updated - May 29, 2015 11:17 AM EDT)

Intel (Nasdaq: INTC) is nearing a $15 billion deal to acquire Altera Corp (Nasdaq: ALTR) and a merger announcement could come as soon as next week, according to The Financial Times. While talks are at an advanced stage, they could still fall apart, the article said.

Pre-Open Stock Movers 05/29: (TBIO) (HRTX) (NQ) Higher; (FRO) (SPLK) (CYBR) Lower (more...)

Transgenomic, Inc. (NASDAQ: TBIO) 45% HIGHER; announced the launch of its new Multiplexed ICE COLD-PCR (MX-ICP) CLIA service for mutation detection in cancer patients to enable more informed diagnoses, better treatment decisions and ongoing... More

Intel (INTC) Said Near $15B Offer for Altera (ALTR)

Altera (Nasdaq: ALTR) is in focus once again Friday following reports that Intel (Nasdaq: INTC) is nearing a $15 billion deal for the company.

The... More

Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell Stock

Susquehanna downgraded Broadcom (NASDAQ: BRCM) from Positive to Neutral with a price target of $58.00 (from $54.00) after the company agreed to be acquired by Avago in a cash and stock valued at approximately $37 billion.

Analyst Chris Caso commented, "Since about half the transaction... More