3 Chip Stocks to Note Now: Intel’s New Tablets, Piper Weighs in on Broadcom and Qualcomm
Intel Corp. (NASDAQ:INTC): Intel has published new info on its website that points to new 7-inch and 10-inch tablets that are powered with Intel’s Atom processor lines and operate on Android’s Jellybean software. The Intel Education Tablet has a 10-inch screen and a dual-core Atom Z2460 chip (or Medfield) and provides more than 6.5 hours of battery life. The 7-inch model runs on Intel’s single-core Atom Z2420 processor and is good for 7.8 hours of battery life.
Broadcom (NASDAQ:BRCM): Piper Jaffray has lowered its estimates and price target for Broadcom to $34 from $47, citing the mixed shift in smartphones to the low end, which the firm believes will continue to pressure the company’s revenue growth. It keeps an Overweight rating on the stock.
Qualcomm (NASDAQ:QCOM): Broadcom wasn’t the only chip stock on Piper Jaffray’s mind. The firm brought Qualcomm from Overweight to Neutral and has given the company a $67 price target. Like Broadcom, Qualcomm’s exposure to the high-end smartphone market led to its downgrade.
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