Boston, MA 11/01/2013 (wallstreetpr) – The world’s leading semiconductor technology manufacturer Intel Corporation (NASDAQ:INTC) recently reported its earnings for the third quarter with net income of $2.95 billion, or $0.58 per share, compared to net income of $2.97 billion, or $0.58 per share, for the corresponding FY2012 period. This surpasses analyst predictions of $0.53 a share on revenue of $13.5 billion for the recent quarter, though revenue was largely stagnant at around $13.5 billion. Analysts, however, also read slowing revenue growth from the third quarter figures. Despite decent earnings, analysts feel that Intel’s revenue forecasts for the upcoming quarter leave a lot to be desired. Intel remains the undisputed market leader, with near-monopolistic pricing power, of the fast-vanishing market of personal computers. This segment is increasingly under threat from the more superiorly compact and efficient tablets and smartphones, with sales already outshining and set to oust the personal computers market. This could dent Intel’s sales, revenues and bottom line if the technology leader does not quickly devise and implement innovative strategies to retain its leader position. This has been somewhat a major shortcoming of the world’s pioneer and industry leader of semiconductor technology and chip manufacturing, which recently struggled and waded through some of its recent ventures. Meanwhile, Chairman Andy Bryant sold 693,630 shares on Thursday at average of $24.53 a share with a net value of about $17 million.
Intel’s shares have floated around the $23-$24 mark for quite some time, showing good reason for investor faith and continue to rank high in investors’ good books for over five years now, maintaining one of the best dividend rates at 4.10%, which has grown by 40% since 2010. The chipmaker’s share price dipped slightly by $0.025 in NASDAQ’s Thursday trading and closed at $24.47 from the previous $24.29. The figures mostly hovered around the closing figure during after-hours too.
