#3 - Intel (NASDAQ:INTC)
Intel (INTC) The 5G revolution go beyond what they will mean for mobile devices. This new technology will increase the demand for data centers and companies involved in the internet of things (IoT). Intel (NASDAQ:INTC) is positioned well in both of these spaces.
Intel has been an interesting story for those that believe an old dog can learn new tricks. Since 2016, Intel has done what a good investor does, diversify. As a result, the company is less dependent on its core PC business, which is getting a little long in the tooth. In fact, by 2021, the company estimates the weight that PCs carry in their business will decrease nearly 60% from 2017.
And while investors had to be patient, their patience seems to have been rewarded. Intel is beginning to post impressive data center growth which should only increase as the 5G roll-out continues. And despite the pivot in their business, Intel remained a reliable dividend stock. The company’s current dividend yield is around 1.8% and, spurred by growth from 5G, the company should be in a position to increase its dividend in the next few years.
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
- $30.90
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 20 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $39.75 (28.6% Upside)
