Chip designer ARM Holdings plc (ADR) (NASDAQ:ARMH) reported that its competitor Intel Corporation (NASDAQ:INTC) had made a credible debut in smart phones, but the British company’s recovered technology and the size of its partner network meant it would remain dominant in the hot sector.
Almost all Smartphone and tablets, comprising Apple Inc’s (NASDAQ:AAPL) iPhone and iPad and Samsung’s Galaxy S3, employ processors based on ARM’s energy-efficient design.
Intel controls the PC market, assisted in no small part by Microsoft basing Windows on its x86 architecture, but its chips have unsuccessful to create inroads in mobile where battery life is important.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Advanced Micro Devices, Inc (NYSE:AMD) plunged -3.72% to settle at $5.69, Texas Instruments Incorporated (NASDAQ:TXN) moved down -3.05% to end at $27.65 while Broadcom Corporation (NASDAQ:BRCM) plunged -2.54% to finish on Monday at $33.19.
Intel Corporation (NASDAQ:INTC) began the last trading session with a price of $26.55 and throughout the session climbed at a high of $26.63 but when day-trade ended the stock finally decreased -1.61% to $25.99.
INTC had a trade volume of 28.04 million shares was lower as compared to average trading capacity of 37.81 million shares.
The stock is ahead its 52 week low with +38.95% and lagging behind from its 52 week high price with -11.22%. INTC last month stock price volatility remained 2.02%. In its share capital INTC has 5.03 billion outstanding shares among them 5.03 billion shares have been floated in market exchange. INTC stock institutional ownership remained 62.35% while insider ownership included 0.05%.
Shares price of INTC moved down from its 20 days moving average with -0.32% and remote negatively from 50 days moving average with -4.25%. INTC current year earnings per share experienced an addition with +18.84% while its current quarter performance remained -3.04%. Company’s beta coefficient included 1.09. Beta factors measures the amount of market risk associated with market trade.
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