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Intel (INTC): New Buy Recommendation for This Technology Giant


Markets
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Intel (INTC – Research Report) yesterday and set a price target of $72.00. The company’s shares closed last Thursday at $62.57.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 27.2% and a 68.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and NXP Semiconductors.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $67.52 average price target, representing a 6.6% upside. In a report issued on April 7, Credit Suisse also maintained a Buy rating on the stock with a $80.00 price target. ....

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Intel CEO Pat Gelsinger's First Fiscal Quarter: 'Intel Is Back'


Intel CEO Pat Gelsinger’s First Fiscal Quarter: ‘Intel Is Back’
‘We’re firing on all cylinders. Our best days are ahead of us. We’re investing for the future. We’re executing. And we’re just getting started,” the Intel CEO says in his first quarterly financial analyst call.
By
Joseph F. Kovar April 23, 2021, 11:06 AM EDT
Pat Gelsinger, in his first quarterly financial analyst conference call since becoming Intel CEO, said Thursday that Intel not only delivered a strong fiscal first quarter 2021, but has laid the groundwork for expansion across the board from PC and server processors to harnessing its new IDM 2.0 strategy with partners including cloud developers. ....

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Intel Earnings Preview: Here’s What To Watch For


Priti Ramgarhia-
April 20, 2021, 11:30 AM EDT
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Intel Corporation (
INTC) is scheduled to report first-quarter 2021 earnings on April 22 after the market closes. Over the past six months, shares of the tech giant have jumped 19% and are currently trading at over $63. A strong print could send shares on an upward trajectory, so let’s take a closer look at what analysts on the Street are expecting.
Earnings Preview
Intel is expected to report adjusted EPS of $1.15 on revenues of $17.88 billion, while the company guided for earnings of $1.10 per share and adjusted revenues of $17.5 billion.
Meanwhile, the Earnings Whisper number, or the Street’s unofficial view on earnings, stands at $1.30 per share. ....

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SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase


SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase
Bloomberg
3/12/2021
Sohee Kim
© Photographer: SeongJoon Cho/Bloomberg
The SK Hynix Inc. logo is displayed atop the company s semiconductor plant in this aerial photograph taken above Icheon, South Korea.
(Bloomberg) U.S. regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, one step toward completing a deal that would strengthen the Asian chipmaker’s position in the memory market.
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The Committee on Foreign Investment in the United States, better known as CFIUS, signed off on the deal, the company said in a statement Friday, following approval from the Federal Trade Commission. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year. ....

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