PC Comeback? Intel Thinks So – And We Rate Them a “BUY”

When there are no ground-breaking developments in the smartphone world, can consumers go back to the old ways of doing things? Like browsing the internet using a personal computer instead of a smartphone?

Intel Corporation sure hopes so. The company raised its third quarter revenue forecast last Friday, after saying there are signs of improving PC demand. The expectations of improvement sent Intel stock up 3 percent on Friday to $37.67 per share. It ended the week up 4.4 percent.

Even before last Friday’s stock surge, Intel had a solid track record of BUY ratings over the last two years. Excellent reward and return are just two of the factors contributing to the current B investment rating.

The company pays an above average 2.7 percent dividend, and boasts above average one-, three-, and five-year returns.

IBM and Advanced Micro Devices are some of Intel’s better known competitors. But, based on our ratings, neither IBM nor AMD are a BUY. IBM currently holds a C+ rating and AMD is a C-. We recommend to hold both of these stocks.

Even if there’s no real PC comeback in the future, Intel still has plenty to do manufacturing microprocessors, chipsets, and selling IT services. The company has done a good job in the previous quarters, when PC demand was on the downswing, recording a trailing twelve-month income of $10.1 billion.

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