Intel (NASDAQ:INTC) Boosted on 4Q Beat

Analysts raised their price targets on Intel (NASDAQ:INTC) as they exceeded expectations for their latest quarter.

Deutsche says, "Intel began semi earnings season with a bang by beating 4Q ests, guiding for a strong 1Q and unleashing its biggest capex plan in history. For 2011, we expect INTC to follow up its recent success in expanding margins with a more aggressive drive for revenue growth in both its core and emerging mkts (tablets, smartphones and embedded). Should the company succeed in these initiatives (especially in emerging mkts), we expect both EPS and valuation to expand."

Auriga boosted the revenue/EPS estimates from 10.6B/$0.44 to $11.5B/$0.52, full year 2011 went from $44B/$1.86, to $45.4B/$2.04 and their full year 2012 went from $44.7B/$1.87 to $46.5B/$2.14.

Deutsche Bank raised their price target on Intel to $27, and Auriga raised it to $26.

Intel was trading at $21.08, losing $0.22, or 1.01 percent, as of 12:43 PM EST.