"We expect PC units to decline less than the high-single-digit decline consensus in 2017, driven by continued Windows 10 upgrades and accelerating SSD adoption, along with new form factors," Baird Equity Research analyst Tristan Gerra wrote, raising his price target to $42 from $40.
Intel stock trades at a bit more than 12 times forward earnings. That’s not much of a premium for a company with a projected compound annual growth rate of 10%.
Recent weakness in INTC stock has lifted the dividend to almost 3%. That’s pretty attractive for an equity income investor in a world of super-low interest rates. If you want to capture that yield on your personal cost basis, be advised that the payout goes ex-dividend on Nov. 3.
Last year, it sold more than $50 billion worth of its chips. That’s a 34% market share… and more than its top four competitors combined.
It has a huge, 20% profit margin.
On top of that, Intel’s stock is cheap based on its earnings. It trades at a discount to the benchmark S&P 500 Index of about 35%.
Plus, Intel pays shareholders a 3% annual dividend. That’s more than 40% larger than the 2.1% you would earn if you bought a basket of all S&P 500 companies.
Last quarter, Dalio bought an additional 535,000 shares of Intel (adding to the 988,000 he already held). The $53 million position is now Bridgewater’s largest individual stock holding.
Last quarter, Soros took a new position in Intel worth $24 million. It represents about 1% of his fund’s assets.
Druckenmiller’s new $19 million position in Intel represents nearly 2% of his fund’s (Duquesne Capital Management’s) $1 billion-plus in assets.
The move is a boost for the world's largest semiconductor maker, which is also working with German luxury car maker BMW AG and Mobileye on self-driving technology, but has not been able to extend its broader chip dominance into the fast-emerging autonomous vehicle market.
Driverless cars, smart houses, interconnected devices, cybernetics, artificial intelligence (AI), smart clothes with sensors, and virtual reality surgery are all coming – some prototypes are here already – and they all depend on the chips made by Intel Corp. (Nasdaq: INTC), and others.
"Merged reality" is something else again. It puts virtual objects into your real, physical environment and enables you to interact with them via movements or voice commands…
Revenue was up 9% in Q3 2016 year over year, as were earnings.
The Compute Card, according to an INTC Newsroom press release, is intended to “transform the way compute and connectivity can be integrated and used in future devices.”
The concept is surprisingly simple, yet extremely powerful. Manufacturers of smart devices will be able to stave off obsolescence and extend the lifespan of devices, by making key components (i.e., processors, RAM and storage) upgradable via a new Compute Card from Intel.
Revenue from the data center business rose 8.4 percent to $4.67 billion in the fourth quarter, while revenue from its traditional PC business rose 4.3 percent to $9.13 billion.
Worldwide PC shipments — which consist of laptops, desktops and workstations — fell by 1.5 percent in the fourth quarter, compared with a 3.9 percent decline in the preceding quarter, according to research firm IDC, continuing the recent trend of stabilizing demand.
Intel has been building its data center, Internet of Things and automotive businesses, to reduce dependence on the PC market, which has been roiled by users' shift to mobile phones for their computing needs.
The Santa Clara, California-based company's net revenue rose 9.8 percent to $16.37 billion, beating the average analysts' estimate of $15.75 billion, according to Thomson Reuters I/B/E/S.
Users browsing this forum: No registered users and 3 guests