Microsoft Corp MSFT:NASDAQ

Last Price$259.62NASDAQ Previous Close - Last Trade as of 3:58PM ET 5/24/22

Today's Change-1.03(0.40%)
Bid (Size)$261.70 (1)
Ask (Size)$261.90 (3)
Day Low / High$253.50 - 261.33
Volume29.0 M

Research Alert: CFRA Maintains Hold Opinion On Shares Of Intel Corporation

12:20AM ET 1/27/2022 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price at $50, on below peer P/E of 13x our '23 EPS view given uncertainty about INTC's growth/margin profile. We keep our '22 EPS estimate at $3.72 and initiate '23 at $3.85. INTC posts Q4 EPS of $1.13 vs. $1.42, beating the $0.91 consensus. Sales rose 4% to $19.5B, above the $18.4B consensus, led by 20% growth in the Data Center Group, on enterprise/government recovery, while the Internet of Things Group (up 36%) benefitted from easy comps. We believe supply constraints limited PC demand (CCG down 7%; PC volume down 18%). We remain cautious about further margin compression (55.4% in Q4 and 60% a year ago; 52% seen in Q1), share loss in PC/Data Centers, and elevated investments from foundry expansion (we see up to $28B in capex for '22). Given lack of '22 outlook, we await greater clarity on INTC's vision at its Analyst Event on 2/17. We view plans to remove stock comp expense from non-GAAP numbers and new defined segments as red flags. INTC boosts dividend by 5% (2.8% yield).