NEW YORK (TheStreet) -- Intel (INTC) was falling 0.2% to $34.73 Tuesday following reports that the chipmaker shipped less than 15 million tablet processors in the first half of 2014, according to DigiTimes.
The company is reportedly "aggressively cooperating" with tablet makers in Taiwan and China to ship 25 million processors in the second half of the year in order to meet its target goal of 40 million units by the end of the year.
New low-price tablets using Intel processors are expected to enter mass production in late September of early October to catch up with demand for the holiday season, though DigiTimes notes the tablet market is expected to grow by less than 5% in 2014.
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."