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INTC

Intel

$54.46

-0.47 (-0.86%)

09:47
05/15/18
05/15
09:47
05/15/18
09:47

Intel says shipping 10nm technology in low volumes

Intel chief engineering officer and EVP Murthy Renduchintala says company is in the middle of data-centric transformation strategy. Says company is looking to process, distribute and store data. Says has to compete in several different markets which is an important challenge the company has to face in the transformation. Says Intel is a product company, not focused on being a merchant foundry. Says shipping 10nm technology in low volumes. Says targeted pretty aggressive goals for 10nm, said maybe plans were "a bit more aggressive than ideal in hindsight". Says company knows what to fix and is going about fixing it. Says very comfortable with 14nm roadmap. Says 10nm technology will be ready as soon as economic conditions permit. Says deep in product development on 10nm. Says excited by product pipeline going forward in server roadmap. Says focused on moving data center products nearer to the beginning of the launch of a process. Comments taken from the JPMorgan Global Technology, Media and Communications Conference.

  • 15

    May

INTC Intel
$54.46

-0.47 (-0.86%)

04/27/18
BMOC
04/27/18
NO CHANGE
Target $62
BMOC
Outperform
Intel price target raised to $62 from $58 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on Intel to $62 after the company's Q1 earnings beat and raised outlook for FY18, saying the data center group segment followed up the strong results last time with an even stronger annualized growth. The analyst keeps his Outperform rating on Intel but warns that the pushout in 10nm volume production to 2019 from the second half of 2018 may have longer term ramifications if it is not addressed promptly.
04/27/18
04/27/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Hold at Stifel with analyst Scott Devitt acknowledging that he was wrong to have stuck with his recent view on Facebook following its first earnings report. 2. Microsoft (MSFT) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy saying the global movement toward multi-cloud architectures will benefit Microsoft's Azure. 3. Bristol-Myers (BMY) upgraded to Market Perform from Underperform at BMO Capital with analyst Alex Arfaei saying his concerns around the uncertainty of Opdivo sales erosion are mostly priced in, anticipating a 7% sales growth for the drug in 2019 and hoping for "more competitive" 1L-NSCLC readout that the recently disappointing IO data. 4. Nike (NKE) upgraded to Buy from Hold at HSBC. 5. Intel (INTC) upgraded to Market Perform from Underperform at Bernstein with analyst Stacy Rasgon citing the company's "very strong" Q1 report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/30/18
ARGS
04/30/18
NO CHANGE
Target $65
ARGS
Buy
Intel price target raised to $65 from $58 at Argus
Argus analyst Jim Kelleher raised his price target on Intel to $65 and kept his Buy rating after the company's strong Q1 growth. The analyst cites better than expected sales and profits at Intel's Data Center Group and Client Compute Group segments, adding that Intel's new Core processors have met with broad success. Kelleher also notes that valuation is "not particularly expensive" despite the stock price reaching its highest price point since 2001.
05/01/18
NORL
05/01/18
NO CHANGE
Target $19.5
NORL
Outperform
FormFactor estimates cut at Northland after Intel 10nm delay
Northland analyst Gus Richard said that it appears Intel (INTC) has pushed out its 10nm ramp again and he is now modeling the ramp in the second half of 2019, pushed back from the second half of 2018. Given the delay, his is cutting estimates for FormFactor's (FORM) Q2 and calendar 2018 revenue and also trimming his gross margin expectations on lower volume and weaker mix. However, he also said FormFactor is gaining share at TSMC (TSM) in advanced 10nm and 7nm nodes and that DRAM market demand continues to be strong. Richard, who would be a buyer of FormFactor on weakness ahead of the company's report tomorrow, maintains an Outperform rating on the stock.

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INGIY

Ingenico

$0.00

(0.00%)

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  • 21

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

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RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
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Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

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Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
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Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
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Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
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Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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  • 21

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
09/18/18
09/18
18:39
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18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
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18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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  • 21

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  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

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OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
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Recommendations
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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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17:29
Initiation
Transocean initiated at Morgan Stanley »

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
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17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

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  • 24

    Sep

CCOEY

Capcom

17:24
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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
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Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

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