INTEL - This top chip company has been in the doghouse this year but is still a Franchise Pick at Jefferies. Intel Corp. (NASDAQ: INTC) is one of the companies that is regarded as having among the highest shareholders cash returns at approximately 8%, but has lagged high growth specialty chip stocks. The iconic chip giant had a stellar 2014 on the tailwind from continued PC and notebook sales, but this year has been a far different story. Despite the positive second quarter earnings report, the stock is down a gigantic 18.4% year-to-date.
The Jefferies team notes that Intel’s pending acquisition of Altera would put it into the traditional fabless market of programmable logic devices, but ultimately by 2020 50% of Altera’s product line could be manufactured at Intel facilities. This acquisition expands the product offerings and helps move the company farther away from PC dependence.
Intel investors are paid an outstanding 3.31% dividend. The Jefferies price target for the stock is 36. The Thomson/First Call consensus target is posted at $33.87. Shares closed Monday at $28.91.
Read more: Analyst Has 4 High Profile Value Stocks To Buy - Best Buy (NYSE:BBY) - 24/7 Wall St. http://247wallst.com/investing/2015/07/31/analyst-has-4-high-profile-value-stocks-to-buy/#ixzz3hUEOPNAH
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No I didn't notice. This is the INTC board - not the MU board. Same thing applies with MU. MU 52 week low is 17.14 and MU is currently 18.97. The math doesn't agree here either. Prefer you stick to what you do best. cut & paste articles most of us don't have time to rad or more importantly have access to. TIA
Wally - Where do you get this 3 bucks from? INTC now 28.83 and 52 week low is 27.62. Wish you were right, but the math doesn't agree with you. Think we will be held down by the big boys for a while so they can cover their shorts for a profit. Only thing that would change this is BK gets out and publicly tells analysts just how big a deal this is and how soon it will materially affect the bottom line. Until then, we longs will languish.
We'll CSCO just blew by INTC. I've noticed that too, but it doesn't mean it's a sure thing. Maybe somebody else besides me should send investor relations an e-mail telling them how happy they are losing money every day. Beginning to think the only way to change things is a class action law suit or hope somebody would put in a tender offer for INTC. I for one would gladly tender my shares.
Most likely made it up shorting INTC. All INTC needs to do to stem this price erosion is start buying big time in the buy back program.
That's true. But if you watch the market carefully, you'll find every morning before 10 AM when the institutions kick in and the daily shorters are shorting for the day, its a great time to buy until INTC reaches a volume of 6 million.
Yes they can. Trouble is they need someone to get up and be in the office before 9AM PST and buy. They also could buy INTC shares for the buyback program. Trouble is they don't have the common sense to do it. History has proven time and time again engineer's make lousy CEO's.
This could really throw a wrench in Wall St.
Qualcomm's potential break-up could lead to courtship with Intel
July 23 (Reuters) - It could be a match made in heaven.
Wall Street says Intel Corp is the best suitor for Qualcomm Inc's chip unit, if the maker of Snapdragon mobile processors decides to break itself up.
"The chip deal to end all chip deals," says Cowen and Co analyst Timothy Arcuri, would give Intel's smartphone chip making business a much-needed boost.
It would also allow Intel to expand its footprint in the key Chinese market.
Other suitors for Qualcomm's chip business, valued at $30 billion-$40 billion, could include a consortium backed by the Chinese government and Samsung Electronics Co Ltd.
Noon today and were down another 1.25 billion in shareholder equity. Still no response from INTC management. Must be they just got in to the office and have to have a Latte before the begin to think great thoughts and great deeds, none of which will be toward preserving shareholder equity. Last we hit another 52 week low with their no response.
Just another 2 billion in stock holder equity lost today. Makes for 4 straight down days after earnings. 5billion since earnings and a whopping 40 billion since the high in Dec 2014. Just hit the 52 week low and tomorrow we will most likely go down more as MSFT and AAPL didn't do us any favors in reporting. Don't worry, BK and SS sold their options and can continue to live the good life while us smucks (stockholders & option holders) take the beating of a life time. Tried praying and even that seems to no availe. If God had any goodness in him, he would find a buyer for this company and flush the senior management and BOD down the toilet where they belong. Seems they have no regard for their fiduciary duty to protect the shareholders interest and are more interested in lining their own pockets.
And their stock is only down a dime while INTC is down a quarter. Go figure.
Would be nice. A big inventory build up and no sales would really tank this stock. Although management is doing their best to destroy the stock price.
Wally - You standing upside down again when you're looking at MU's stock price. The color is red and it's down over a buck. Even my rose colored glasses can't cover it up.
From US News and World Report. The 4 are INYC, NPX, MU and LLTC. Intel is the largest company on our list with a market cap of $140 billion. It has strong return on equity of 20.8 percent and a very reasonable forward P/E ratio of 12.7. Though Intel has been stung by the move from traditional PCs to tablets and mobile devices, it still has a very strong business and is expected to grow earnings by more than 12 percent this year.
33 just happens to be max pain for options expiration on Fri. Could be a big push from option makers to make it happen.
Max pain for 7-17 is 33. Could be up big on Thurs and Fri.