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.

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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.

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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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Don’t Miss: What Are Intel’s New Chips Going to Cost?

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