Stock Update (NASDAQ:INTC): WiTricity Announces Enhanced Relationship with Intel Corporation

Intel Corporation (NASDAQ:INTC) [Business Wire] – WATERTOWN, Mass. & SAN FRANCISCO–(BUSINESSWIRE)– WiTricity, an industry pioneer in wireless power transfer over distance, today announced a technology licensing agreement with Intel Corporation. As part of this licensing agreement, WiTricity will work with Intel to integrate WiTricity’s patented technology to enable efficient, high performance wireless charging solutions for computing devices powered by Intel, enabling more freedom and a seamless wireless charging experience for users. Both Intel and WiTricity are board members of the A4WP, helping to drive the technical direction and adoption of the Rezence specification. “We have overwhelming feedback from end users that they are frustrated with dealing with all the different wires and power adapters for their devices – phones, tablets & PCs.” said Sanjay Vora, Intel Vice President and General Manager of User Experience.
Read more on this.

Intel Corporation (INTC), valued at $140.03B, opened this morning at $28.14.
 
Shares have traded today between $28.05 and $28.21 per share with the price of the stock fluctuating between $21.89 to $28.42 over the last 52 weeks.
 
INTC shares are currently priced at 14.94x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.98x forward p/e ratio.
 
The company pays shareholders $0.90 per share in dividend income per year, for a current yield of 3.30%.
 
In a review of the consensus earnings estimate this quarter, 39 sell-side analysts are looking at $0.47 per share, which would be $0.08 better than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $1.89, which would be a $0.00 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.02 Billion. If reported, that would be a 1.64% increase over the year-ago quarter.
 
More recently, Pacific Crest upgraded INTC from Sector Perform to Outperform (Apr 7, 2014). Previously, RBC Capital Mkts downgraded INTC from Outperform to Sector Perform.
 
Investors should keep in mind is that the average price target is $26.98, which is 4.12% below where the stock opened this morning.
 
Summary () :  Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, automobile infotainment systems, automated factory systems, and medical devices. It offers microprocessors that processes system data and controls other devices in the system; and chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; system-on-chip products that integrate its processing functions with other system components, including graphics, audio, and video onto a single chip; wired network connectivity products; and wireless connectivity products. The company also provides mobile components comprising baseband processors, radio frequency transceivers, WiFi products, Bluetooth products, global navigation satellite system, and power management chips; and gateway and set-top box components. In addition, it offers endpoint security, network and content security, risk and compliance, and consumer and mobile security software products for consumer, mobile, and corporate environments to protect systems from malicious virus attacks, as well as loss of data. Further, the company provides NAND flash memory products, which are used in solid-state drives; and custom foundry services. Intel Corporation sells its products primarily to original equipment manufacturers, original design manufacturers, and industrial and communications equipment manufacturers in the computing and communications industries. It has strategic agreement with Rockchip. Intel Corporation was founded in 1968 and is based in Santa Clara, California.
 
Tag Helper ~ Stock Code: INTC | Common Company name: Intel | Full Company name: Intel Corporation (NASDAQ:INTC) .


(Visited 1,475 times, 102 visits today). Overall Top Posts for today In Archives and Sidebar.

Tom Hames

JG Staff

Comments are closed.

Close Menu