Intel's Growth Prospects Make It Attractive Right Now
By Ashraf Eassa:After a stellar run from the beginning of the year to about late April, semiconductor stocks have given up a good portion of their gains during May. Intel (INTC), in particular, was interesting because it was finally setting new multi-year highs after trading in a fairly narrow range.Analysts upped their price targets to the low to mid $30s and all of a sudden people began to view Intel as a serious competitor to companies that dominate the ARM (ARMH) ecosystem such as Qualcomm (QCOM) and NVIDIA (NVDA). So, with the recent tech sector pullback, is now the time to go in and snag Intel shares at a discount? I believe the answer is a resounding yes!First and foremost, Intel has an excellent dividend track record. It recently increased its dividend by 7 percent to 22.5¢ per share. As of the last close, this represents a 3.27% yield -Complete Story »
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