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Differing Analyst Views on Chip Leaders (INTC, AMAT)

Photo of Jon C. Ogg
By Jon C. Ogg Published

Intel Corporation (NASDAQ: INTC) and Applied Materials Inc. (NASDAQ: AMAT) are at two different ends of the spectrum in the semiconductor industry.  Outside of being obvious leaders in their respective segments, they two have something else in common today.  Both stocks were given unexpected analyst downgrades.

It would seem that by now most analysts have figured out that lower sales and lower earnings are coming this earnings season. This morning came a downgrade from J.P. Morgan on Intel Corporation (NASDAQ: INTC) to Neutral based upon current valuation.  Weak underlying demand and hard disk drive shortages from the Thailand flooding have been known events for some time. 

Intel shares are down by two-cents at $25.12 on the day and that would have likely been much better had it not been for this downgrade.

Applied Materials Inc. (NASDAQ: AMAT) was raised to Outperform today by RBC Capital Markets and its shares are up 2.6% at $11.80 in normal trading volume.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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