Intel Announces Strategic Investment by Silver Lake in Altera
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Raymond James Reiterates Market Perform Rating on Intel (INTC)
April 14, 2025 4:36 PM EDTRaymond James analyst Srini Pajjuri reiterated a Market Perform rating on Intel (NASDAQ: INTC).
The analyst comments "Intel announced today that it entered into an agreement to sell a 51% stake in Altera to Silver Lake. The announcement is consistent with new... More
Stifel Reiterates Hold Rating on Intel (INTC)
April 14, 2025 11:22 AM EDTStifel analyst Ruben Roy reiterated a Hold rating and $21.00 price target on Intel (NASDAQ: INTC).
The analyst comments "Despite the Loss of Value from $16.7bn Paid in 2015, We Think The Deal is Positive for INTC: While the valuation garnered by Altera reflects a loss of value from its original acquisition price and is relatively low even when compared against that of its closest peer (LSCC sits... More
Baird Reiterates Neutral Rating on Intel (INTC)
April 14, 2025 10:01 AM EDTBaird analyst Tristan Gerra reiterated a Neutral rating and $20.00 price target on Intel (NASDAQ: INTC).
The analyst comments "Intel announced this morning a definitive agreement to sell 51% of Altera to Silver Lake, valuing Altera at $8.75 billion (5.7x 2024 revenue). Intel will retain the remaining 49%. Raghib Hussain will succeed Sandra Riveria as the CEO of Altera effective May 5, 2025. Hussain previously served as President of Products and Technology at Marvell (not covered). The transaction is expected to close in 2H2025. Altera generated $1.54... More
