Notable Tech Stocks: Intel Corporation (NASDAQ:INTC), QUALCOMM, Inc (NASDAQ:QCOM)

ANSYS (ANSS), and Intel Corporation (NASDAQ:INTC) announced the availability of a production-proven reference flow for power, EM and reliability sign-off using ANSYS simulation solutions for Intel’s 14nm Tri-Gate process. This technology allows customers of Intel Custom Foundry to design the next-generation mobile and cloud enterprise products that deliver the highest performance while meeting stringent product power targets. This collaboration extends the work on the Intel Custom Foundry 22nm process design platform to the 14nm platform.

In other news, Intel Corporation (NASDAQ:INTC) says its chips are designed into 130 new Android (GOOG) and Windows (MSFT) tablets that are launching this year, Re/code reports. CEO Brian Krzanich says the company wants to power 40M tablets this year.

Analysts have a consensus price target of $26.44 on Intel Corporation (NASDAQ:INTC)which indicates a 3.24% downside. The consensus rating of the stock is a HOLD with a score of 2.32. There are currently 16 Hold Ratings, 15 Buy ratings, 1 Strong Buy rating and 5 Sell ratings on the stock.  The most recent analyst action consisted of Zacks reiterating its neutral rating with a $27 price target.

After Broadcom (BRCM) announced it was exploring strategic alternatives for its baseband business. Sterne Agee thinks the wind down of the unit improves QUALCOMM, Inc (NASDAQ:QCOM) positioning. The firm also expects Avago (AVGO) and Skyworks (SWKS) to benefit from Broadcom’s move. The firm keeps Buy ratings on Qualcomm, Avago, and Skyworks.

Analysts have a consensus price target of $78.72 on QUALCOMM, Inc (NASDAQ:QCOM) which indicates a 2.15% downside. The consensus rating of the stock is a BUY with a score of 2.72. There are currently 9 Hold Ratings and 18 Buy ratings on the stock. The most recent analyst action consisted of Zacks reiterating their neutral rating with a price target of $84.

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