Intel Corporation is a Intel is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets.
Among the S&P 500’s biggest fallers on Tuesday March 02 was Intel Corporation (INTC). The stock experienced a 2.61% decline to $61.24 with 23.22 million shares changing hands.
Intel Corporation started at an opening price of 62.80 and hit a high of $63.14 and a low of $61.11. Ultimately, the stock took a hit and finished the day at $1.64 per share. Intel Corporation trades an average of n/a shares a day out of a total 4.06 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Intel Corporation hit a high of $65.12 and a low of $43.62 over the last year.
Intel is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore’s law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel’s server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has declined. These include areas such as the Internet of Things, memory, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, Movidius, and Habana Labs in order to assist its efforts in non-PC arenas.
With its headquarters located in Santa Clara, CA, Intel Corporation employs 110,600 people. After today’s trading, the company’s market cap has fallen to $248.82 billion, a P/S of n/a, a P/B of 3.07, and a P/FCF of n/a.