Dow Today: Intel (INTC) Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading down 25.0 points (-0.2%) at 13,301 as of Friday, Oct 12, 2012, 1:35 p.m. ET. During this time, 346.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 575.4 million. The NYSE advances/declines ratio sits at 968 issues advancing vs. 1,941 declining with 144 unchanged.
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Holding back the Dow today is Intel (Nasdaq: INTC), which is lagging the broader Dow index with a 20-cent decline (-0.9%) bringing the stock to $21.48. This single loss is lowering the Dow Jones Industrial Average by 1.51 points or roughly accounting for 6% of the Dow's overall loss. Volume for Intel currently sits at 26.3 million shares traded vs. an average daily trading volume of 41 million shares.

Intel has a market cap of $108.87 billion and is part of the technology sector and electronics industry. Shares are down 10.6% year to date as of Thursday's close. The stock's dividend yield sits at 4.1%.

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 9.3, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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