Intel Reaches New 52-Week High (INTC)

NEW YORK ( TheStreet) -- Intel (Nasdaq: INTC) hit a new 52-week high Tuesday as it is currently trading at $28.85, above its previous 52-week high of $28.78 with 7.9 million shares traded as of 10:20 a.m. ET. Average volume has been 36.8 million shares over the past 30 days.

Intel has a market cap of $142.12 billion and is part of the technology sector and electronics industry. Shares are up 17.1% year to date as of the close of trading on Monday.

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 12, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Intel Ratings Report.

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