Jefferies Raises Price target on Intel (INTC) to $36 Following 2Q EPS Beat

Wedbush Raises Price Target on Intel (INTC) to $35 Following 2Q15 Beat

July 16, 2015 9:03 AM EDT

Wedbush reiterates an Outperform rating on Intel (NASDAQ: INTC), and raises the price target to $35.00 (from $34.00), following 2Q15 results. Q2 GAAP EPS of $0.55 on revenue of $13.2B was above the Street ($0.50/$13.0B) estimates. Q3's revenue outlook of $14.3B +/- $500MM is above the... More

Northland Capital Markets Raises Price Target on Intel (INTC) to $32 Following 2Q15 Results

July 16, 2015 8:46 AM EDT

Northland Capital Markets reiterates a Market Perform rating on Intel (NASDAQ: INTC), and raises price target to $32.00 (from $31.00), following 2Q15 results. Intel reported $0.55 on $13.2B, above Northland's estimates of $0.46 on $12.8B.

Analyst Gus Richard commented, "INTCs report was much better than the... More

Intel (INTC) PT Bumped to $33 at Nomura Securities

July 16, 2015 8:38 AM EDT

Nomura Securities analyst Romit Shah raised his price target on Neutral-rated Intel (NASDAQ: INTC) to $33.00 (from $31.00) following results, which he called "solid."

Shah commented, "It is remarkable that, despite the destruction in PCs, Intel is guiding to record revenues in the... More

Piper Jaffray Cuts Price Target on Intel (INTC) Following 2Q15 Results

July 16, 2015 7:41 AM EDT

Piper Jaffray reiterates an Overweight rating on Intel (NASDAQ: INTC), and cuts the price target to $37.00 (from $38.00), following 2Q15 results. INTC reported Q2 revenue of $13.2B and EPS of $0.55, ahead of $13.04B and $0.50 consensus. The Q3 outlook calls for revenue of $14.3B, above consensus expectations of $14.1B, and... More

Needham & Company Upgrades Intel (INTC) to Buy, $37 PT

July 16, 2015 7:34 AM EDT

Needham & Company upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $37.00.

Analyst N. Quinn Bolton commented, "Intel reported 2Q15 results and 3Q15 guidance above consensus and much better than feared. While PC demand remains weak and is... More

Wall St. opens higher on strong quarterly reports

July 16, 2015 7:33 AM EDT

(UPDATED 10:20 AM ET)

By Tanya Agrawal

(Reuters) - Wall Street rose sharply on Thursday as the Greek parliament approved a bailout plan and bluechip companies such as Citigroup (NYSE: C), eBay (NASDAQ: EBAY) and Netflix (NASDAQ: NFLX) reported strong results.

After the Greek vote, the European Central Bank slightly raised its emergency funding for Greek banks to help them partially reopen after euro zone governments agreed in principle to grant Athens a new... More

FBR Capital Maintains Bullish Views on Intel (INTC) Following 2Q Earnings Results

July 16, 2015 7:18 AM EDT

FBR Capital maintains an Outperform rating and $38.00 price target on Intel (NASDAQ: INTC) following 2Q15 results. INTC's reported revenue was $13.2B, above the Street's expectations which was lowered to ~$13.0B following AMD preannouncement.

Analyst Christopher Rolland commented, "On Wednesday evening, July 15, Intel announced better-than-expected 2Q15 results and 3Q15 guidance, primarily as PC channel inventories were drawn down more... More

Buy Micron (MU) on Better-than-Feared Intel (INTC) Results, Needham & Company Says

July 16, 2015 6:34 AM EDT

Needham & Company analyst Rajvindra Gill is telling clients to buy Micron Technology (NASDAQ: MU) today in the wake of better-than-feared results from Intel (NASDAQ: INTC) after the close. The firm reiterated its Strong Buy rating and price target of $40.

Gill... More

After-Hours Stock Movers 07/15: (NFLX) (SRCL) (INTC) Higher; (SYN) (HCA) Lower (more...)

July 15, 2015 6:04 PM EDT

Synthetic Biologics (NYSE: SYN) 12% LOWER; announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares in the offering are to be sold by Synthetic Biologics. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the share amount sold to cover over-allotments, if any. The offering is subject... More

Market Wrap: Yellen Sees Rate Hike This Year; Split-Adjusted Netflix Outpaces Q2 Views; PPI Advances in June

July 15, 2015 5:25 PM EDT

Market wrap for July 15th

End of the Day: S&P 500 down 1.6 to 2,107.40; Dow Jones down 3.4 to 18,050.17; Nasdaq down 6.0 to 5,098.94

Market Brief: Federal Reserve Chair Janet Yellen issued her semiannual monetary policy address to Congress on Tuesday. In part, Yellen noted that the Fed is on track to raise interest rates this year and that labor markets are expected to steadily improve. Yellen also doesn't see macro events impacting the current U.S. economic trajectory. For the full testimony,... More

Intel (INTC) Tops Q2 EPS by 5c

July 15, 2015 4:01 PM EDT

(Updated - July 15, 2015 4:05 PM EDT)

Intel (NASDAQ: INTC) reported Q2 EPS of $0.55, $0.05 better than the analyst estimate of $0.50. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $13.04 billion.

Summary
The second quarter revenue of $13.2B was in line with the expectation that we provided in our prior Outlook. The Client Computing Group revenue was up 2% quarter over quarter and down 14% on a year-on-year basis. The Data Center Group was up 5% quarter over quarter and up 10% on a year-on-year basis. Gross margin of 62.5% was up 2.0... More

Intel (INTC) Trades Lower Ahead Q2 Report; Street Sees Dip in Earnings

July 15, 2015 2:39 PM EDT

Intel (Nasdaq: INTC) is trading slightly negative ahead of the company's Q215 report, which is expected out after markets close on Wednesday.

The Street is looking for Intel to post Q2 EPS of $0.50 with revenue of $13.0 billion, from EPS of $0.55 and revenue... More

Intel (INTC) Numbers Cut at Jefferies; Removed from Franchise Pick List

July 15, 2015 8:39 AM EDT

Jefferies analyst Mark Lipacis lowered estimates and his price target on Intel (NASDAQ: INTC) to $35.00 (from $45.00) and removed the stock from the Franchise Pick list. The analyst maintained a Buy rating.

Lipacis commented, "Negative PC/Server reports lead us to... More

Futures steady ahead of Yellen speech, Greek vote

July 15, 2015 7:53 AM EDT

By Tanya Agrawal

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors await Federal Reserve Chair Janet Yellen's comments on raising interest rates and the outcome of a Greek parliament vote on the terms of a third bailout.

* Bank of America's (NYSE: BAC) quarterly profit more than doubled as legal costs dropped sharply, driving expenses down to their lowest since 2008. Its shares rose 2.5 percent to $17.55 in premarket trading.

* At her semi-annual testimony on monetary policy, Yellen is likely to face questions on how... More

Mizuho Securities Starts Intel (INTC) at Neutral

July 14, 2015 4:07 PM EDT

Mizuho Securities initiates coverage on Intel (NASDAQ: INTC) with a Neutral rating and a price target of $32.00.

Analyst Vijay Rakesh commented, "While we view INTC as the undisputed king of technology and manufacturing, its core PC client market (60%+ of revenue) remains soft.... More

Short sellers curb Intel bets ahead of second quarter results; tone cautious

July 14, 2015 3:37 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Wall Street expects bad news when Intel Corp (NASDAQ: INTC) reports its second-quarter results on Wednesday although a few short sellers appear to believe the worst is over for the chipmaker's recently sinking stock.

Signs of weak demand for personal computers have taken a toll on the shares of Intel ahead of its quarterly report due after the market's close, with Wall Street expecting a year-over-year dip in quarterly revenue for the first time since 2013.

Intel's stock is down 18 percent year to date and has fallen... More

Trading Radar for 7/15: BofA (BAC), Intel (INTC), Netflix (NFLX), Delta Air (DAL), BlackRock (BLK) Report

July 14, 2015 2:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

8:30am EDT

PPI - Street sees 0.3%Empire Manufacturing - Street sees 3.0

9:15am... More

Notable Analyst Rating Changes 7/14: (GPRO) (DK) (URBN) Upgraded; (OWW) (PRIM) (INTC) Downgraded

July 14, 2015 10:27 AM EDT

UPGRADES
Barclays boosts GoPro (Nasdaq: GPRO) from Equalweight to Overweight and moved its price target from $50 up to $65.

Goldman Sachs raises Delek US (NYSE: DK) from Neutral to Buy with a price... More

Bernstein Downgrades Intel (INTC) to Underperform

July 14, 2015 7:26 AM EDT

Bernstein downgraded Intel (NASDAQ: INTC) from Market Perform to Underperform with a price target of $25.00 (from $29.00).

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 $29.73 yesterday.

... More

Tsinghua's Bid for Micron (MU) Doesn't Make Sense for Micron Shareholders - Cowen

July 14, 2015 6:40 AM EDT

Cowen and Company is out with commentary on Micron (Nasdaq: MU) following news that Tsinghua made an unsolicited takeover bid for the company. Cowen currently rates Micron at Outperform with a price target of $30.

Analyst Tim Arcuri believes the deal (at $21/share) doesn't make sense for Micron... More