Barron's comes out bullish on Intel (INTC)
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- Intel has been suffering from a lack of leadership role in the high-growth smartphone and tablet processor markets; that should soon come to an end with new design wins
- Continued leadership in PC processors, including the high growth Ultrabook area
- Massive cloud computing growth
- Strength in high-performance, big data applications
- Cash-rich, with $7.1 billion in net cash and investments, yet pays a current 3.5% dividend and has bought back stock
- A "four year lead" in manufacturing process technology
Leaning, as usual, on a third party investor's assessment, Barron's concludes that "Intel shares should get revalued as it powers more smartphones and other mobile devices. Two-year upside is $38-$40, about 50% above current levels."
Covestor models that are long Intel with over 5% allocation as of end of day 5/25/12:
- 401 Advisor - Dividend and Income Plus
- Capital Ideas - Macro Plus Income
- Leif Erikson - Performance with Protection
- James Roberts - Fortune's Most Admired and Stock Diagnostics
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