Bernstein analyst Stacy Rasgon questioned Intel's above-market PC growth while noting that the company is "absolutely slaughtering" rival Advanced Micro Devices (AMD) . Rasgon wrote that "inventory builds in the 1H are normally followed by channel inventory drains in the 2H. And it is here where we find cause for concern."
The analyst continued, "Far from draining channel inventory in 2H14, Intel's Q3 results and implied Q4 outlook suggest channel inventories will continue to build into the second half of the year, an event we have not seen in years and years. This is not necessarily inconsistent with Intel's own statements (they have indicated they are replenishing the channel in front of a "normal" consumer sell-through season)."
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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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."