This New Acquisition Is Another Step in the Right Direction for Intel Corporation (INTC)

Another new processor, the much-anticipated, energy-efficient Haswell unit, is scheduled for release on June 3, and could really give Intel’s mobile computing efforts a shot in the arm. Acer and Hewlett-Packard Company (NYSE:HPQ), among others, are already touting new devices sporting Haswell, and you can bet there’ll be more.

Krzanich has also been busy revamping Intel’s management structure, too, essentially removing layers to quicken decision-making processes. The objective is to make Intel more nimble and better able to move in step with the lightning-paced mobile industry. The leadership shake-up is yet another positive step and, just as with the latest acquisition, speaks volumes about Krzanich’s plans going forward.

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Long-suffering Intel Corporation (NASDAQ:INTC) shareholders are finally being rewarded with a nearly 18% jump in value so far this year. And coupled with its industry-leading 3.74% dividend yield, Intel offers a great growth and income opportunity.

After its nice (finally!) run, investors may wonder if it’s too late to get on the Intel train. Thankfully, Intel is still sitting on the lowest trailing P/E in the sector, and as the ST-Ericsson acquisition, new processors, and management structure changes demonstrate, the best is yet to come.

The article This New Acquisition Is Another Step in the Right Direction for Intel originally appeared on Fool.com and is written by Tim Brugger.

Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel and Qualcomm.

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