Cowen Reiterates Market Perform on Intel (INTC) Based on Growth Prospects

Intel (INTC) Analyst Day Better than Feared - Sterne Agee CRT

November 20, 2015 7:14 AM EST

At analyst day, Intel (NASDAQ: INTC) reiterating its growth focus on the non-PC businesses. The company highlighted multiple growth opportunities in data center, Internet of Things and SSG that are becoming more pivotal factors for substantial revenue growth and margin expansion going forward, as the consumer group continues to see a declining total addressable... More

JMP Securities Upgrades Intel (INTC) to Market Outperform

November 20, 2015 6:49 AM EST

JMP Securities upgraded Intel (NASDAQ: INTC) from Market Perform to Market Outperform with a price target of $45.00.

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 $34.30 yesterday.

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Cowen Nudges PT on Intel (INTC) to $35; Notes Better DCG Prospects, GM Tailwinds on Revised Outlook

November 20, 2015 6:42 AM EST

Cowen and Company is positive on Intel's (Nasdaq: INTC) FY16 outlook, but also believes the stock is fairly valued at this point. The firm reiterated its Market Perform rating, but lifted its price target from $34 up to $35 following the company's update.

Analyst Timothy Arcuri noted the Intel is now less-dependent on PCs, while mobile losses are continuing to improve. The analyst said: While the PC business... More

Market Wrap: UnitedHealth Outlook Pressures Market; IPOs for Square, Match Group Launch; Best Buy Cautious on Q4 Outlook

November 19, 2015 5:28 PM EST

Market wrap for November 19th

End of the Day: S&P 500 down 2.3 to 2,081.24; Dow Jones down 4.4 to 17,732.75; Nasdaq down 1.6 to 5,073.64

Market Brief: Markets ended slightly lower, weighed-down by healthcare stocks following FY15 guidance from UnitedHealth.

Square and Match Group launched IPOs.

Nike announced a robust, shareholder-friendly capital allocation plan.

Intel shares gained on its solid FY16 outlook and boosted dividend.

Best Buy topped views, but cautious guidance spooked investors.

Gold rose 0.9 percent to $1,077.90 per ounce and crude dipped 0.5 percent to... More

Intel (INTC) Updates on FY16 Outlook; Boosts Dividend 8.3%

November 19, 2015 12:27 PM EST

(Updated - November 19, 2015 12:29 PM EST)

Intel (NASDAQ: INTC) sees FY16 revenue growth in mid-single-digit range and FY16 gross margins at 62% +/- a couple of points. The company also sees FY16 CapEx about $10 billion +/- $500 million.

Intel also raised its quarterly dividend from 24 cents up to 26 cents per share.

UPDATE - Intel issued the following press release:

At Intel Corporations annual investor meeting today, the company announced... More

Wall St. edges down; healthcare sinks and Intel climbs

November 19, 2015 7:15 AM EST

By Noel Randewich

(Reuters) - Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in December.

A profit warning by UnitedHealth (NYSE: UNH) led to a 5.65 percent drop in its stock, making the health insurer the biggest drag on the Dow Jones industrial average and the S&P 500. It also sent the shares of competitors Anthem (NYSE: ANTM) and Aetna (NYSE:... More

Power chip maker ON Semi to buy Fairchild to head off competition

November 18, 2015 6:25 AM EST

By Devika Krishna Kumar and Lehar Maan

(Reuters) - ON Semiconductor Corp (NASDAQ: ON) is to buy Fairchild Semiconductor International Inc (NASDAQ: FCS) for $2.4 billion to bolster its business of making power-management chips, the latest in a rapidly consolidating industry.

Semiconductor M&A globally has topped $80 billion so far this year, according to Thomson Reuters data, as companies seek to cut costs, meet demand for cheaper chips and diversify portfolios.

While ON Semi rival STMicroelectronics (NYSE:... More