#3 - Intel (NASDAQ:INTC)
Like Qualcomm, Intel (NASDAQ:INTC) has many ways to benefit from the emergence of the internet of things. Some of the company’s initiatives, for example in the area of autonomous vehicles, will not come to fruition for several years. However, Intel is also a key player in such areas as edge computing, data centers and drones. Plus, the company has applications in key fields that will always drive the economy such as banking, education and healthcare.
If you bought shares of INTC stock last year, you know it’s been a volatile time for the company. It’s never a good thing for a chipmaker to have a defect in your next generation of chips. Intel has paid the price for this.
However, since the beginning of the year, the stock is having a nice upswing of nearly 20%. And shares are a trading at price/earnings ratio of under 12 which makes this a good value in the sector.
About Intel
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
Read More - Current Price
- $31.27
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 21 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $39.58 (26.6% Upside)
