Intel: Screaming to Be Bought? (INTC)

"We have chosen Intel

, the world's largest semiconductor manufacturer, as our last 'Bargain Stock'," notes Vita Nelson, who focuses on stocks offering dividend reinvestment plans. The editor of Direct Investing explains, "Intel set a 52-week high back on April 15, and a 52-week low on August 31. The stock has yet to rebound from the August swoon -- in spite of record earnings in the first and second quarters. "The company earned 43 cents per share in the first quarter and 512 cents in the second. Those results were aided by pent-up global chip demand, as manufacturers began digging deep into their inventories. "These earnings trounced 2009's depressed first six months, when Intel earned just 4 cent per share. "The first half results have put the company on track to set an all-time earnings record of closes to $2 per share. "Not sitting still, the company recently agreed to acquire security software maker McAfee

for $7.7 billion and the wireless division of German chipmaker Infineon for $1.4 billion.

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