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Intel Corporation (NASDAQ:INTC) will auction off all intellectual property for its smartphone modem business

By on June 28, 2019 0

Intel Corporation (NASDAQ:INTC) will auction off all intellectual property for its smartphone modem business as it plans to leave the business entirely, IAM Media reported. The news comes after Apple announced an agreement with Qualcomm which will see it use Qualcomm’s 5G chips in future iPhones. Intel announced in April that it was going to pull out of the smartphone market because its businesses was not sustainable without its deal with Apple to provide smartphone modems to its iPhones.

Intel Corporation (NASDAQ:INTC), a Technology sector firm, traded 22.98 Million shares in last trading session with closing price of $47.46 per share. Company gross margin stands at 60.80% whereas its return on investment (ROI) is 20.60%. Stock value has moved between $42.38 – 59.33 in last one year. Analyst’s mean target price for Intel Corporation (NASDAQ:INTC) is $52.72 while analysts mean recommendation is 2.90. INTC EPS growth this year is 42.30%. 

On last trading day, Encana Corporation (NYSE:ECA) shares closed at $5.01 per share. ECA market capitalization is 7313.60 with beta of 1.99. Analyst’s mean target price for Encana Corporation (NYSE:ECA) is $10.54 whereas analysts mean recommendation is 2.20. Its weekly performance is 1.01% while year to date (YTD) performance is -13.32%. 

In last session Plexus Corp. (NASDAQ:PLXS) traded 171534 shares and was closed at $57.66. Analyst’s mean target price for PLXS is $69.75 while analysts mean recommendation is 2.20. Company is -13.91% away from its 52 week high and is moving 21.06% ahead of its 52 week low. PLXS Gross Margin is 9.30% and its return on assets is 7.50%. Plexus Corp. (NASDAQ:PLXS) quarterly performance is -4.93% while its price to sale ratio is 0.57. 

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO), a Services sector firm, traded 251789 shares on last trading day with closing price of $10.58 per share. Company gross margin stands at 48.70% whereas its return on investment (ROI) is -1.80%. Stock value has moved between $9.98 – 18.56 in last one year. Analyst’s mean target price for El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) is $15.50. LOCO EPS growth this year is -226.90%. 

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