Thu, Jul. 21, 11:17 AM
- Needham & Company restates a Buy rating and $38 price target citing FY guidance that remains largely intact and expects improvements in Intel's (INTC -4.2%) data center group, memory and IoT businesses.
- Brean Capital restates a Buy rating and upgrades its price target to $38 from $36 also attributing the guidance reiteration and a 10% Q/Q revenue outlook on better-than-expexted seasonality for the upcoming quarter. The firm also notes improvements in operating expenses Intel has yet to realize as it continues restructuring its workforce down 11%.
- Credit Suisse restates an Outperform rating with a $40 price target and projects 15% growth acceleration in the company's data center group in H2.
Wed, Jul. 20, 4:36 PM
- Intel (INTC) shares are down 2.75% in extended trading after releasing earnings, beating on EPS but falling short on revenue.
- Data center business revenue of $4.03B vs. $4.16B anticipated.
- Total revenue of $13.5B, up 3% Y/Y.
- Brian Krzanich, Intel CEO, highlights the company's push into data centers, Internet of Things initiatives and programmable solutions while remaining cautious on the PC market.
- Conference call at 5:30pm ET.
- CFO commentary.
Wed, Jul. 20, 4:07 PM
Tue, Jul. 19, 5:35 PM
Mon, Jul. 18, 12:41 PM
- Like it or not the huge success of Pokémon Go is likely to unleash a huge pop in mobile games designed around augmented reality.
- There is already an online petition asking for a similar Harry Potter Go game to be designed and many more mainstream characters are sure to start showing up in games linked to the cameras on smartphones and tablets.
- Companies stocked with an arsenal of appealing characters that could be brought into augmented reality games include Disney (NYSE:DIS), Time Warner (NYSE:TWX), Mattel (NASDAQ:MAT), and Hasbro (NASDAQ:HAS). Movie studios (LGF, SNE, VIA, VIAB) could also benefit as AR games tied around plot lines from old movies are developed (The Godfather, Star Wars, Blade Runner, Hunger Games, etc.) and used to promote new features.
- Many retailers and restaurant chains have already been active in trying to latch on to the Pokémon Go buzz (see What's McDonald's doing inside the Pokémon code?), while GameStop (NYSE:GME) thinks it has an angle on the collectibles and accessories side. As the retail sector works out the science of in-game marketing opportunities, even more opportunities could arise.
- Technology firms with a stake in augmented reality include Google (GOOGL, GOOG) , Himax (NASDAQ:HIMX), Nvidia (NASDAQ:NVDA), and Intel (NASDAQ:INTC).
- Nintendo ADRs (OTCPK:NTDOY) are up 8.6% today and have doubled in value during the week following Pokémon Go's introduction.
Fri, Jul. 15, 10:10 AM
- Wells Fargo ticks off 20 S&P 500 stocks with the most upside potential vs. consensus, and the 20 with the most downside risk vs. consensus.
- The list is compiled by comparing the midpoint of Wells Fargo Securities valuation ranges to consensus fair value estimates, volatility adjusting the percentage difference, and ranking the resulting score.
- Upside: AEE, BEN, CCL, DVA, EIX, ES, EXC, FTR, HUM, INTC, JNJ, LNT, PEG, PNW, SCG, T, WEC, WU, XEL, XOM.
- Downside: ANTM, C, CI, COF, EQT, FOXA, FSLR, GS, KIM, LH, MON, MSI, MYL, NVDA, NWSA, SLG, TIF, TSO, UA, WLTW.
Fri, Jul. 15, 5:59 AM
- via Wells Fargo:
- "We think that renewed competition from AMD (NASDAQ:AMD) in graphics and Intel (NASDAQ:INTC) in coprocessors could create headwinds to growth and possibly limit Nvidia’s (NASDAQ:NVDA) ability to beat expectations in the near term."
- "We expect Nvidia will be able to continue to grow its coprocessor business in the future but we wonder if rising competition from Intel in this segment creates some headwind to momentum in the space. We think the Knights Landing family might help Intel regain some share in the HPC coprocessor market, though Nvidia has also introduced a new coprocessor family this year, its Tesla P100."
- Firm says NVDA is now trading "significantly above" its valuation range of $30-36.
- See infographic here
Wed, Jul. 13, 5:12 PM
- Intel (INTC) is looking for potential suitors in an expected effort to ditch its antivirus and security division, known as Intel Security. The base of this division was acquired from McAfee for $7.7B in 2010.
- New information out today paints private equity firms Thoma Bravo, Permira and Vista Equity Partners as interested parties in the rumored buyout.
- Reports have previously suggested Intel is looking to narrow its focus on cloud computing chips and solutions.
- Intel's security division realizes lower profit margins compared to its chip making efforts in spite of healthy 12% sales growth last quarter.
- The security business is traditionally PC dependent, with analysts speculating the company's move away from this declining vertical a factor driving the possible sale.
- Intel is not averse to shopping products and services it has spent time developing for inclusion into its own offerings, parting ways back in January with its firewall business and selling it to Raytheon Websense three years after acquiring the company for $389M. Terms of the sale to Raytheon were not disclosed.
Tue, Jul. 12, 9:01 AM
Fri, Jul. 8, 10:03 AM
- Intel (NASDAQ:INTC) is up 2% today after RBC bumped its price target and Bernstein issued an upgrade to shares.
- RBC's Amit Daryanani has raised the firm's target to $34 from $33 amid stronger PC demand that should bode well for the company's client computing group (along with the ramp up of the coming iPhone 7, in which Intel modems will be used in part).
- RBC has a Sector Perform rating.
- Bernstein's upgrade comes from Underperform to Market Perform. The firm raised its price target to $30, from $26, though the stock has been trading over $30 since May 19.
Fri, Jul. 1, 10:28 AM
- BMW, Intel (INTC -0.4%) and Mobileye (MBLY +1.8%) announce plans to begin mass producing self-driving cars by 2021.
- BMW will produce the car in cooperation with MBLY, an Israeli company that makes software and components that help prevent collisions, and Intel, who also will provide technology for the car.
- MBLY says the partnership will utilize its EyeQ5 systems and its Road Experience Management technology to provide precise localization; INTC is contributing computing, connectivity, safety and security assets.
- The announcement comes only a day after news that a driver recently was killed in a crash while his Tesla Model S electric sedan was in self-driving mode.
Thu, Jun. 30, 3:41 AM
Mon, Jun. 27, 10:23 AM
- Intel (INTC -2.1%) will start its third wave of layoffs at the end of June, mainly targeting its worldwide sales and marketing units, Digitimes reports.
- In April, the company announced it would cut around 12K employees worldwide, accounting for about 11% of its overall workforce (the first two waves of layoffs focused on its mobile device business and product lines).
- In addition to reorganizing its product lines, Intel is looking to tighten its channel sales and marketing, and adjust its reporting system.
Mon, Jun. 27, 2:00 AM
- Intel (NASDAQ:INTC) is looking at options for its cyber security unit, including potentially selling the antivirus software maker formerly known as McAfee which it bought for $7.7B in 2010, FT reports.
- The company has been trying to refocus its business toward selling chips for cloud computing rather than PCs, announcing plans this year to cut 12,000 jobs in its largest workforce reduction in a decade.
Mon, Jun. 13, 7:31 AM| Mon, Jun. 13, 7:31 AM | 1 Comment
Fri, Jun. 10, 12:19 PM
- Backing up numerous analyst reports to the effect, Bloomberg reports Apple (NASDAQ:AAPL) will indeed partly use Intel (INTC +0.4%) 4G baseband modems in the iPhone 7.
- Bloomberg adds Intel's modems will be used within iPhones meant for AT&T's network, as well as in certain overseas markets. Those meant for Verizon's network will still rely on traditional baseband supplier Qualcomm's (QCOM -2.1%) chips, as will iPhones sold in China.
- In addition to sales of the modems themselves, a loss of share at Apple will likely affect sales of various complementary Qualcomm chips. iFixit's iPhone 6S teardown found Qualcomm power management, RF transceiver, and envelope tracking chips to go with a 4G modem. Altogether, Apple sold 231.5M iPhones in 2015.
Intel Corp. designs, manufactures and sells computer components and related products. It also engages in the designing and manufacturing of computing and communication components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products. The company develops... More
Industry: Semiconductor - Broad Line
Country: United States
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