Intel (NASDAQ:INTC) Stock Tumbles after Fiscal Fourth Quarter Results; Sales Plunges – INTC, TXN, AMCC, FSL

Shares of Intel Corporation (NASDAQ:INTC) moved down after the Santa Clara, California-based company announced a second straight period of declining sales, damage by lower demand for PCs.

Intel, the world’s biggest semiconductor manufacturer, reported in a statement that revenue plunged 3% to $13.5 billion in the fiscal Fourth-quarter. The chip maker announced net income moved down to $2.47 billion or 48 cents per share.

Bloomberg gathered data confirm that analysts on average forecasted sales of $13.5 billion and earnings of 45 cents per share.

Intel, whose microprocessors run over 80% of the world’s personal computers, fell around 5.8% to $21.36 in afterhours trading session.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Texas Instruments Incorporated (NASDAQ:TXN) rose +1.97% to settle at $33.15, Applied Micro Circuits Corporation (NASDAQ:AMCC) moved up +4.14% to end at $9.56 while Freescale Semiconductor Ltd (NYSE:FSL) jumped +0.17% to finish at $11.92 on Thursday.

Intel Corporation (NASDAQ:INTC) on Jan 17, 2013 increased +2.58% to the closing price of $22.68. The overall volume in the last trading session was 101.02 million shares. Its fifty two weeks range was $19.23 – $29.27. The total market capitalization remained at $112.86 billion.

INTC is ahead of its 52-week low with 17.94% and lagging behind from its 52-week high price with -21.02%. INTC’s last month’s stock price volatility remained 1.82%. In its share capital INTC has 4.98 billion outstanding shares, among them 4.97 billion shares have been floated in market exchange. INTC’s stock’s institutional ownership remained 63.45% while insider ownership included 0.05%.

The stock price of INTC is moving forward from its 20 days moving average with 6.99% and remote positively from 50 days moving average with 9.90%. INTC’s current year’s earnings per share experienced an addition with 18.84% while its current quarter performance remained at 5.44%. Company’s beta coefficient included 1.03. Beta factors measure the amount of market risk associated with market trade.

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