Intel Corporation (NASDAQ:INTC), the world’s biggest semiconductor manufacturer, decided to invest almost $4.1 billion in Dutch chip-equipment manufacturer ASML Holding NV (ADR) (NASDAQ:ASML) in an attempt to shave 2 years from the time to approve new production practices.
The United States Intel reported on Tuesday that it would take a primary 10% stake in ASML for almost $2.1 billion and later more 5% for around $1 billion, pending shareholder support.
Intel’s CEO Eric Meurice reported on a conference call on Tuesday that ASML was also in talks with Samsung Electronics Co and Taiwan Semiconductor Manufacturing Co to vend almost more 10% of its shares.
Intel aims to speed the development of a costly, superior chip making technique known as extreme ultraviolet.
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) declined -11.21% to settle at $4.99, Texas Instruments Incorporated (NASDAQ:TXN) moved down -0.07% to end at $27.39 while Broadcom Corporation (NASDAQ:BRCM) plunged -0.35% to finish on Tuesday at $31.53.
Intel Corporation (NASDAQ:INTC) last session volume of 47.24 million shares was higher than its average volume of 34.74 million shares. The stock after opening at $25.85 hit high price of $26.42 and then closed at $25.56 by scoring -2.33%.
The liquidity measure in recent quarter results of the company was recorded 2.13 as current ratio and on the other side the debt to equity ratio was 0.16 and long-term debt to equity ratio also remained 0.15. The Company had total cash at hand $13.75 billion and a book value per share as $9.34 in the most recent quarter.
The stock price volatility was 2.10% for a week and 1.99% for a month as well as price volatility’s Average True Range for 14 days was 0.58 and its beta remained 1.10.
INTC generated revenue of 54.06 billion in the following twelve months and earned $12.52 billion. The Company showed a positive +23.16% in the net profit margin and as well as in its operating margin which remained +31.36%. Company’s annual sales growth for the past five year was 8.82%.
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