Intel Corporation (NASDAQ:INTC) [Trend Analysis] retains strong position in active trade, as shares scoring 0.96% to $34.72 in a active trade session, while looking at the shares volume, around 15.26 Million shares have changed hands in this session. Advanced Micro Devices (AMD) declared that global semiconductor company inked a licensing deal with rival technology firm Intel (INTC). Advanced Micro is declaredly licensing its Radeon graphics processing unit for use in Intel’s next generation of CPUs, Investors Business Daily reports. Intel currently holds a license for chipmaker Nvidia’s (NVDA) technology, but that deal is set to expire in March.
on the other side, Amazon.com (AMZN) has tapped Intel (INTC) in an effort to make its Amazon Echo speaker smarter. The companies are aiming to make voice the main interface in operating a smart home. This comes at a time when more connected devices are rapidly being added to home networks under the so-called Internet of Things (or IoT).
Intel said if all goes according to plan, its first product based on the reference design they are developing for Alexa should start hitting the market in 1Q17, . The idea of the reference design is to make Alexa highly responsive, and Intel says that it’s nearing that goal. For Intel, the partnership with Amazon presents an opportunity for it to grow its IoT business. After missing the smartphone training, Intel is clearly interested in leading Qualcomm (QCOM) and ARM Holdings (ARMH) in the IoT chip space.
The firm has institutional ownership of 66.60%, while insider ownership included 0.04%. INTC attains analyst recommendation of 2.20 with week’s performance of -1.67%. Investors looking further ahead will note that the Price to next year’s EPS is 5.33%.
Sigma Designs, Inc. (NASDAQ:SIGM) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 1.31% to 7.75 with around 267497 shares have changed hands in this session. Sigma Designs, Inc. (NASDAQ: SIGM) declared that financial results for its third quarter of fiscal year 2017, which ended October 29, 2016. “Our profitable third quarter was led by a healthy rebound in our Internet-of-Things income on top of our seasonally strong Smart TV business, strong gross margin performance, and lower operating expenses,” said Thinh Tran, President and CEO of Sigma Designs, Inc. “We remain encouraged by our outlook for the Internet-of-Things business, which should continue to grow as consumer adoption of Z-Wave enabled products improves. For the long-term, we expect to capitalize on the multitude of new opportunities across our business to drive income, and combine this execution with cost reductions, in order to deliver stronger earnings.” The stock is going forward its fifty-two week low with 43.25% and lagging behind from its 52-week high price with -14.65%.
Similar, the positive performance for the quarter recorded as 1.04% and for the year was -10.30%, while the YTD performance remained at 22.63%. SIGM has Average True Range for 14 days of 0.34.