"In the wake of Intel's (INTC-NR) recent acquisitions of Fulcrum and QLogic's (QLGC-NR) InfiniBand assets, the company announced last night the acquisition of Cray's (CRAY-NR) interconnect technology," Wunderlich Securities analysts wrote in an April 24 report. "We believe this reflects both strategic intellectual property acquisition combined with product aspirations as technology formerly relegated to external interconnects makes its way into silicon. We further believe Silicon Graphics' (SGI) own technology portfolio, consisting of more than 600 patents mostly around shared memory architectures, may prove tempting as a means to further bulk up the Intel IP portfolio or defend against it. We reiterate our Buy rating and $15 price target."Shares of Intel hit a 52-week high Tuesday of $29.02. The stock's 52-week low of $19.16 was set on Aug. 19. Intel's forward P/E is 10.63; the average for semiconductor companies is 13.67. For comparison, Qualcomm (QCOM) has a higher forward P/E of 15.38. Twenty-seven of the 55 analysts who cover Intel rated it buy. Twenty-five analysts gave the stock a hold rating and three rated it sell. The stock has risen 19.3% year to date.
Comcast The media company is scheduled to report first-quarter earnings on Thursday. Analysts, on average, anticipate earnings of 42 cents a share on revenue of $14.43 billion. "After 5 qtrs of subscriber net adds improving Y/Y and revenue/EBITDA growth generally 25%-35% faster than the cable industry, investors have shifted from being positively surprised by strong execution to expecting it," Deutsche Bank analysts wrote in a report Monday. "This has crystallized in 1Q12 with the debate as to whether Comcast can report positive video net adds, and whether the +/- 20k video net adds is even relevant (0.09% of subs)." Shares of Comcast hit a 52-week high Tuesday of $30.87. The stock's 52-week low of $19.19 was set on Aug. 9. Comcast's forward P/E is 13.94; the average for broadcasting and entertainment companies is 34.45. For comparison, Time Warner (TWX) has a lower forward P/E of 10.49. Twenty-three of the 31 analysts who cover Comcast rated it buy. Seven analysts gave the stock a hold rating and one rated it sell. The stock has risen 30.07% year to date.
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