Intel Stock Hits New 52-Week High (INTC)

NEW YORK ( TheStreet) -- Intel (Nasdaq: INTC) hit a new 52-week high Wednesday as it is currently trading at $27.57, above its previous 52-week high of $27.50 with 3.5 million shares traded as of 9:50 a.m. ET. Average volume has been 51.9 million shares over the past 30 days.

Intel has a market cap of $136.95 billion and is part of the technology sector and electronics industry. Shares are up 13.4% year to date as of the close of trading on Tuesday.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. The company has a P/E ratio of 11.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Intel Ratings Report.

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