Summit Research Upgrades Intel (INTC) to Buy

UBS Reiterates Buy on Intel (INTC) Following 3Q15 Earnings Results

October 14, 2015 9:32 AM EDT

UBS reiterated a Buy rating and $33.00 price target on Intel (NASDAQ: INTC) following the company's 3Q15 earnings results. Intel was able to meet its gross margin guidance of 63% in this downcycle as desktop and notebook chip prices were up YOY by 8% and 4% from a more favorable mix of sales of... More

Needham & Company Reiterates Buy on Intel (INTC) Following 3Q Earnings Results

October 14, 2015 9:19 AM EDT

Needham & Company reiterated a Buy rating and $37.00 price target on Intel (NASDAQ: INTC) following the company's 3Q15 earnings results. Intel reported revenue and GAAP EPS of $14.5bn/$0.64. CCG revenue increased 13% Q/Q driven by record Core mix.

Analyst Quinn Bolton commented, "Intel reported... More

Roth Capital Cuts Price Target on Intel (INTC) Following 3Q Earnings Results

October 14, 2015 9:05 AM EDT

Roth Capital reiterated a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $36.00 (from $37.00), following the company's 3Q earnings results. INTC reported revenues of $14.465 billion and EPS of $0.64.

Analyst Krishna Shankar commented, "Intel reported 3Q15 revenues/GAAP EPS results of $14.465 billion/$0.64... More

Canaccord Genuity Reiterates Buy on Intel (INTC) Following 5c EPS Beat

October 14, 2015 8:30 AM EDT

Canaccord Genuity reiterated a Buy rating and $39.00 price target on Intel (NASDAQ: INTC) following the company's 3Q earnings results. Intel reported revenue of $14.5B, above consensus estimates of $14.3B. EPS was $0.64, better than consensus' $0.59 estimates.

Analyst Matthew Ramsay commented, "Amidst the recent market turbulence, Intel shares have proven resilient... More

Northland Capital Markets Raises Price Target on Intel (INTC) Following 3Q Results

October 14, 2015 7:59 AM EDT

Northland Capital Markets reiterated an Outperform rating on Intel (NASDAQ: INTC), and raised the price target to $39.00 (from $37.50), following the company's 3Q15 earnings report. Intel reported EPS of $0.64, and revenues of $14.5B. Below the line expenses were higher than modeled and EPS upside... More

RBC Capital Raises Price Target on Intel (INTC) Following 3Q EPS Beat

October 14, 2015 7:47 AM EDT

RBC Capital reiterated a Sector Perform rating on Intel (NASDAQ: INTC), and raised the price target to $34.00 (from $33.00), following the company's 3Q15 earnings results. INTC reported results that exceeded expectations. Revenues of $14.5B beat the Street's $14.2B. EPS of $0.64 came in ahead of Street's $0.59... More

Sterne Agee CRT Reiterates Buy on Intel (INTC) Following a 3Q EPS Beat

October 14, 2015 7:26 AM EDT

Sterne Agee CRT reiterated a Buy rating and $38.00 price target on Intel (NASDAQ: INTC) following the company's 3Q15 earnings results. INTC reported revenue and EPS of $14.47B and $0.64 vs. consensus of $14.24B and $0.58. Upside to Q3 was provided by better-than-expected CCG performance... More

The Words that Sunk Intel (INTC) Shares...

October 14, 2015 7:10 AM EDT

Intel (NASDAQ: INTC) announced better than expected results after the close Tuesday but the stock fell hard 10 minutes after the conference call began. This is what management said to snatch defeat from the jaws of victory:

"Overall, we are seeing a weak PC client business being offset by... More

Intel (INTC) PT, Estimates Raised at Jefferies Post Q3; Sees Gross Margin Rising to 70%

October 14, 2015 7:01 AM EDT

Jefferies analyst Mark Lipacis reiterated a Buy rating on Intel (NASDAQ: INTC) while raising estimates and his price target to $37.00 (from $36.00) following Q3 earnings and outlook after the close. The analyst said gross margin can rise to 70%.

"INTC posted a $0.05... More

Susquehanna Remains Neutral on Intel (INTC) Following 3Q Results

October 14, 2015 6:46 AM EDT

Susquehanna reiterated a Neutral rating and $30.00 price target on Intel (NASDAQ: INTC) following the company's 3Q15 earnings results. INTC reported revenue of $14.565 bln, up 10% Q/Q, vs. consensus of $14.22 bln. EPS beat consensus by 5c.

Analyst ChrisCaso commented, "INTC posted results that were ahead of expectations for... More

Intel says data center business to grow less than expected

October 13, 2015 4:11 PM EDT

By Anya George Tharakan and Arathy S Nair

(Reuters) - Intel Corp (NASDAQ: INTC) cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth.

The world's biggest chipmaker's shares reversed course to trade down as much as 3.8 percent after the bell on Tuesday following the forecast.

Intel has been counting on the data center business to help offset declining demand for its chips used in personal computers, its biggest revenue generator.

The company agreed in... More

Intel (INTC) Tops Q3 EPS by 5c; Q4 Revenue Guidance Comes in Slightly Below Views

October 13, 2015 4:00 PM EDT

(Updated - October 13, 2015 4:05 PM EDT)

Intel (NASDAQ: INTC) reported Q3 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $14.5 billion versus the consensus estimate of $14.22 billion.

We executed well in the third quarter and delivered solid results in a challenging economic environment, said Brian... More