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‘Hold Your Horses Ahead of Earnings,' Says Christopher Rolland About Intel Stock
‘Hold Your Horses Ahead of Earnings,' Says Christopher Rolland About Intel Stock

Business Insider

time17-07-2025

  • Business
  • Business Insider

‘Hold Your Horses Ahead of Earnings,' Says Christopher Rolland About Intel Stock

It's well known that Intel (NASDAQ:INTC) has had a tough few years, falling behind in chip manufacturing, losing market share in CPUs, and struggling to keep up in fast-growing areas like AI and data centers. Investors are pinning their hopes on recent leadership changes and efforts to streamline operations. However, the company still faces big challenges in delivering on its plans and staying competitive with strong rivals like Nvidia and AMD. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. That's why all eyes will be on the fallen chip giant next Thursday (July 24), when it reports Q2 earnings, a key moment that could offer clues about whether Intel's turnaround efforts are starting to gain traction. But for those hoping to see early signs of real progress, disappointment may be in store. Assessing Intel's situation, Susquehanna's Christopher Rolland, an analyst ranked amongst the top 2% of Wall Street stock experts, thinks that 'tariff-related PC pull-ins' likely extended into early Q2, before tapering off later in the quarter. Still, there are some incremental positives. Average selling prices (ASPs) seem to be rising modestly quarter-over-quarter, helped by early gains in AI PC adoption. Lunar Lake laptops climbed 1.5% to around 2.2% share, Arrow Lake desktops also rose 1.5% to roughly 2.3%, and Meteor Lake laptops increased 1% to reach 12% share. Even so, demand remains skewed toward older process nodes – Intel 7 still accounts for about 55% of both laptop and desktop shipments. According to Rolland, this points to 'ongoing problem for capacity shortages at older nodes that may limit revenue upside.' Meanwhile, competitive pressures continue to mount, especially in the PC market. Intel is losing ground in the notebook space, where AMD is gaining momentum at OEMs like Dell. Rolland expects Intel's Client Computing Group (CCG) to post a 5% quarter-over-quarter decline, in line with consensus. However, he cautions that demand pull-forward and persistent market share erosion could dampen performance in the second half, potentially leading to a softer-than-usual seasonal outlook. Feedback from the server channel was somewhat more encouraging, but here, too, Intel is feeling the squeeze. AMD is taking share in critical segments, including China, enterprise customers like Dell, and U.S. hyperscalers. While Intel CPUs are still widely used in AI systems such as Nvidia's DGX, Rolland remains cautious about the shift toward Nvidia's Grace architecture and the upcoming GB200 platform. In Foundry, CEO Lip-Bu Tan might be redirecting efforts from the 18A node toward 14A, amid reports that 18A could be dropped for external customers. For Q2, the Foundry guide was lowered due to reduced wafer volume and ongoing 7nm capacity constraints. Rolland expects Q2 gross margins to be roughly in line with the lowered guide (down 270 basis points sequentially) as Lunar Lake and Arrow Lake ramp up, both relying on costly TSMC tiles. Looking ahead, the road to margin recovery remains bumpy. Server-side pressures, soft AI PC adoption, high production costs, and the fact that Panther Lake isn't expected to scale meaningfully until 2026 all pose ongoing challenges. Finally, Rolland continues to hear of layoffs at Intel, which could point to operating expense reductions beyond the $17 billion already targeted for the year – a 'favorable sign.' 'In short,' Rolland summed up, 'we expect Intel to post generally in-line results, but weaker guidance for 3Q/2H as tariff-related PC pull-ins in 1Q begin to fade, GB200/Grace ramps, and AMD continues to win PC/Server share.' Bottom line, ahead of the print, Rolland rates INTC shares a Neutral, while his $22 price target suggests the stock will stay range-bound for the foreseeable future. (To watch Rolland's track record, click here) According to TipRanks database, the INTC fence indeed appears the place to be right now; the stock claims a Hold (i.e., Neutral) consensus view, based on a mix of 26 Holds, 4 Sells and just a single Buy. Going by the $21.60 average price target, the shares will see a downside of ~5% over the coming months. (See INTC stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.

Analyst Confidence Grows as Semtech (SMTC) Expands IoT Footprint
Analyst Confidence Grows as Semtech (SMTC) Expands IoT Footprint

Yahoo

time20-06-2025

  • Business
  • Yahoo

Analyst Confidence Grows as Semtech (SMTC) Expands IoT Footprint

Semtech Corporation (NASDAQ:SMTC) is one of the 11 Best Tech Stocks to Buy On the Dip. On May 28, Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on Semtech Corporation (NASDAQ:SMTC) with a price target of $60. The rating comes after the company released its fiscal first-quarter results for 2026. The company reported net sales of $251.1 million, reflecting a 22% year-over-year increase. The analyst noted that the company has demonstrated resilience with its core products FiberEdge and TriEdge by filling the gap caused by a temporary slowdown in its CopperEdge product line. This product diversification supports ongoing growth, with new applications expected to ramp up in the latter half of the year. Moreover, Semtech Corporation (NASDAQ:SMTC)'s LoRa technology, which is central to its IoT strategy, has exceeded expectations. The company is actively pursuing new opportunities in the expanding IoT sector, noted Christopher Rolland. Despite short-term challenges such as the NVIDIA ACC disappointment, the company remains focused on reducing debt and investing in research and development. A technician looking at a circuit board of analog semiconductor products. Semtech Corporation (NASDAQ:SMTC) is a high-performance semiconductor company that provides advanced technology solutions. It operates through three main areas including Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. While we acknowledge the potential of SMTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags
Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags

Yahoo

time02-06-2025

  • Business
  • Yahoo

Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags

In April 2025, Intel (NASDAQ:INTC) said it intends to slash over 20% of its global workforce under new CEO Lip-Bu Tan after posting quarterly results that beat Street estimates, though its shares remain pressured. That momentum, however, hasn't translated into investor confidence, raising questions about Intel's long-term strategy. Susquehanna analyst Christopher Rolland labels Intel dead money in its present form and suggests a split between its manufacturing arm and production divisions could unlock shareholder value. The Trump administration's focus on onshoring semiconductor production adds urgency to that strategy. Warning! GuruFocus has detected 6 Warning Signs with INTC. Intel's 18A process node is gaining traction despite early hurdles. Rumors swirl of potential foundry agreements with Microsoft (NASDAQ:MSFT), and talks with Google (NASDAQ:GOOGL) are reportedly underway. High-volume production is targeted for the second half of 2025, which could attract hyperscale customers and ease concerns over the lack of a major client. Shares of Intel have slid roughly 30% from their year-to-date high, though the stock pays a 2.57% dividend yield. Rolland maintains a neutral rating, noting rivals like AMD (NASDAQ:AMD) continue to chip away at Intel's market share and questioning whether a pickup in PC demand is sustainable. The mean price target of about $24 implies more than 20% upside if these initiatives gain momentum. Is Intel Stock Still a Buy? Based on the one year price targets offered by 32 analysts, the average target price for Intel Corp is $21.31 with a high estimate of $28.30 and a low estimate of $14.00. The average target implies a upside of +9.02% from the current price of $ on GuruFocus estimates, the estimated GF Value for Intel Corp in one year is $23.65, suggesting a upside of +20.97% from the current price of $19.55. This article first appeared on GuruFocus.

Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags
Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags

Yahoo

time02-06-2025

  • Business
  • Yahoo

Intel (INTC) Is 'Dead Money'--Layoffs, Slow Growth Raise Red Flags

In April 2025, Intel (NASDAQ:INTC) said it intends to slash over 20% of its global workforce under new CEO Lip-Bu Tan after posting quarterly results that beat Street estimates, though its shares remain pressured. That momentum, however, hasn't translated into investor confidence, raising questions about Intel's long-term strategy. Susquehanna analyst Christopher Rolland labels Intel dead money in its present form and suggests a split between its manufacturing arm and production divisions could unlock shareholder value. The Trump administration's focus on onshoring semiconductor production adds urgency to that strategy. Warning! GuruFocus has detected 6 Warning Signs with INTC. Intel's 18A process node is gaining traction despite early hurdles. Rumors swirl of potential foundry agreements with Microsoft (NASDAQ:MSFT), and talks with Google (NASDAQ:GOOGL) are reportedly underway. High-volume production is targeted for the second half of 2025, which could attract hyperscale customers and ease concerns over the lack of a major client. Shares of Intel have slid roughly 30% from their year-to-date high, though the stock pays a 2.57% dividend yield. Rolland maintains a neutral rating, noting rivals like AMD (NASDAQ:AMD) continue to chip away at Intel's market share and questioning whether a pickup in PC demand is sustainable. The mean price target of about $24 implies more than 20% upside if these initiatives gain momentum. Is Intel Stock Still a Buy? Based on the one year price targets offered by 32 analysts, the average target price for Intel Corp is $21.31 with a high estimate of $28.30 and a low estimate of $14.00. The average target implies a upside of +9.02% from the current price of $ on GuruFocus estimates, the estimated GF Value for Intel Corp in one year is $23.65, suggesting a upside of +20.97% from the current price of $19.55. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Susquehanna Raises Broadcom (AVGO) Price Target, Keeps Buy Rating
Susquehanna Raises Broadcom (AVGO) Price Target, Keeps Buy Rating

Yahoo

time29-05-2025

  • Business
  • Yahoo

Susquehanna Raises Broadcom (AVGO) Price Target, Keeps Buy Rating

On May 29, Susquehanna raised the price target on Broadcom Inc. (NASDAQ:AVGO) from $250 to $280, keeping its Buy rating on the stock. Christopher Rolland from Susquehanna increased the price target on AVGO after reviewing the company's custom silicon AI chips prospects, fueled by the growing AI infrastructure market. Rolland sees the continuation of AI networking momentum and solid core semiconductor business to be key for Broadcom. A technician working at a magnified microscope, developing a new integrated circuit. The analyst expects Broadcom to deliver earnings in line with or slightly better than expectations, driven by ongoing AI momentum and further optimization of its VMware portfolio. Wall Street expects the company to post Q2 2025 earnings to grow by 43% year-over-year to $1.57 per share, while revenue is estimated to rise about 16% to $14.65 billion. The company is scheduled to report its quarterly results on June 5, 2025. The demand environment remains strong, especially fueled by hyperscalers such as Meta increasing their AI investments. Rolland mentioned that this bodes well for Broadcom's networking and custom silicon segments. Moreover, Broadcom's competitive positioning in DSPs and PCIe retimers, along with its robust ASIC momentum, supports a positive outlook. The analyst believes that the transition of VMware customers to subscriptions will provide a sustained boost, supported by Broadcom's integration strategy. Broadcom Inc. (NASDAQ:AVGO) is a global technology firm that designs and manufactures various semiconductors, enterprise software, and security solutions. The company has two segments including semiconductor solutions and infrastructure software. While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

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