Intel Corporation (INTC) stock is now hovering at just over $22 and has a dividend of 4%. Although challenged by a rapid switch from its mainstay Wintel PC franchise to mobile devices, many astute asset managers see the company as a long-term winner. John Pitzer is a Managing Director, Global Technology Strategist and Technology Sector Head for the Credit Suisse Group. This Institutional Investor number-one-ranked semiconductor capital equipment analyst sees it this way:
“Moore’s Law has been the cornerstone of not just semiconductor economics, but technology economics for over 40 years […] It is our view that Moore’s Law is getting much more challenging to implement. The capital burden to build leading-edge facilities is growing up nonlinearly, and fewer and fewer players could actually scale in the Moore’s law curve. It’s our view that Intel will be the last man standing on Moore’s Law,” Pitzer said.
FOR MORE TECHNOLOGY-STOCK EXECUTIVE INTERVIEWS CLICK HERE.
William Stein is a Managing Director at SunTrust Robinson Humphrey, covering technology stocks with a particular focus on semiconductor companies. He sees great potential in the wide spectrum of semiconductor sector stocks:
“Interest in the semiconductor stocks remains robust because there are so many ways to invest in this space. There are over 100 public companies, some that are growing quickly, some that are more cyclical, there are large caps and small caps, there are a lot of dividend-paying stocks, and some product cycle stories and restructuring stories,” Stein said.
Pairing Intel Corporation with one of his top recommendations from a recent interview in The Wall Street Transcript would be a good way to gain growth and yield in a single package.
Intel Corporation (INTC) Emerges as Moore’s Law Victor; Monetizes Manufacturing Through Foundry Partnerships
May 31, 2013
Microsoft Corporation (MSFT) Generates Strong Amount of Cash Flow, May See Product Refresh from New Intel (INTC) Chips
August 21, 2013
Intel Corporation (INTC) Could Thrive In Spite of PC Segment Headwinds
December 13, 2013
Shares of Intel Corporation (INTC) Look Expensive
May 30, 2014
Intel Corporation’s (INTC) Data Center Dominance Underappreciated
September 28, 2015
