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Fly News Breaks for March 6, 2015
INTC
Mar 6, 2015 | 06:06 EDT
Piper Jaffray views the recent underperformance of Intel shares as a buying opportunity and believes the downside risk is limited at current levels. Piper highlights an "attractive" valuation, "healthy" dividend yield and Intel's "large" remaining share purchase authorization. It keeps an Overweight rating on the name with a $41 price target.
News For INTC From the Last 2 Days
INTC
May 8, 2024 | 16:42 EDT
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INTC
May 8, 2024 | 13:00 EDT
Stifel analyst Ruben Roy lowered the firm's price target on Intel to $34 from $45 and keeps a Hold rating on the shares after the company confirmed that the U.S. Commerce Department has revoked certain licenses for exports of client-side CPUs to Huawei. Intel maintained its Q2 revenue outlook range, but now expects revenue below the midpoint of that range, notes the analyst, who is "modestly lowering" the firm's 2024 estimates.
INTC
May 8, 2024 | 11:58 EDT
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INTC
INTC
INTC
INTC
May 8, 2024 | 07:53 EDT
Consensus is $12.11B.
INTC
May 7, 2024 | 16:31 EDT
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INTC
May 7, 2024 | 15:15 EDT
The Biden administration has revoked export licenses that allow Intel (INTC) and Qualcomm (QCOM) to supply Huawei with semiconductors, reported Financial Times' Demetri Sevastopulo. The Commerce Department's move affects the supply of chips for Huawei's laptop computers and mobile phones, people familiar with the situation told Financial Times. The Commerce Department confirmed to the Financial Times that it had "revoked certain licenses for exports to Huawei," but did not name which U.S. companies would be affected, the report noted. Other publicly traded semiconductor companies include AMD (AMD), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA) and Texas Instruments (TXN). Reference Link
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