SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 40.78+0.7%Dec 10 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tenchusatsu who wrote (180864)4/20/2005 10:55:02 AM
From: Proud_Infidel   of 186894
 
Intel Shares Seen As 'Appropriately Valued'
04.20.05, 10:23 AM ET

Wells Fargo Securities reiterated a "hold" rating on Intel (nasdaq: INTC - news - people ), saying shares of the semiconductor company increasingly look "appropriately valued" following first-quarter results. Intel reported earnings per share of 34 cents, exceeding the 31 cents Wells Fargo had estimated. Revenue was $9.43 billion, also beating the research firm's estimate. Wells Fargo raised the 2005 earnings-per-share estimate slightly to $1.33 from $1.32, based on a higher revenue projection for the year of $38.22 billion, up from $37.97 billion. But Wells Fargo said it remains wary of Intel's extensive stock repurchase program. "Over the past year, the company has earned about $1.25 per share, yet tangible book value has only increased by 16 cents," the research firm said. "Dividends account for just a fraction of the difference, as ongoing shareholders have seen their retained earnings paid out to others." Wells Fargo said its somewhat muted growth outlook for Intel's 2006 is due in part to rejuvenated mobile offerings from competitor Advanced Micro Devices (nyse: AMD - news - people ) that could have some effect on one of Intel's strongest product lines.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News