Intel Co. (NASDAQ:INTC) announced a quarterly dividend on Thursday, July 16th, RTT News reports. Shareholders of record on Friday, August 7th will be given a dividend of 0.33 per share by the chip maker on Tuesday, September 1st. This represents a $1.32 annualized dividend and a yield of 2.24%.
Intel has increased its dividend by an average of 21.2% annually over the last three years and has increased its dividend every year for the last 5 years. Intel has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Intel to earn $4.93 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 26.8%.
INTC stock opened at $59.03 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.35. The business has a 50 day simple moving average of $60.42 and a 200-day simple moving average of $59.54. The firm has a market capitalization of $249.93 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.63 and a beta of 0.78. Intel has a 1 year low of $43.63 and a 1 year high of $69.29.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.17. The business had revenue of $19.83 billion during the quarter, compared to analyst estimates of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. On average, equities research analysts expect that Intel will post 4.82 EPS for the current year.
In related news, EVP Navin Shenoy sold 7,018 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total value of $419,886.94. Following the transaction, the executive vice president now owns 68,942 shares of the company's stock, valued at $4,124,799.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the transaction, the insider now directly owns 126,240 shares in the company, valued at approximately $7,658,980.80. The disclosure for this sale can be found here. Insiders have sold 56,410 shares of company stock worth $3,411,259 in the last ninety days. Corporate insiders own 0.04% of the company's stock.
A number of research firms have recently issued reports on INTC. KeyCorp upgraded Intel from a "sector weight" rating to an "overweight" rating and set a $82.00 price target for the company in a research report on Monday, June 15th. ValuEngine cut Intel from a "sell" rating to a "strong sell" rating in a report on Thursday, July 2nd. BMO Capital Markets decreased their price objective on Intel from $65.00 to $55.00 and set a "market perform" rating on the stock in a report on Friday, April 24th. Jefferies Financial Group upped their price objective on Intel from $53.00 to $62.00 and gave the company a "hold" rating in a report on Wednesday, April 22nd. Finally, Mizuho reiterated a "buy" rating and issued a $67.00 price objective (down from $71.00) on shares of Intel in a report on Thursday, April 23rd. They noted that the move was a valuation call. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus target price of $65.50.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
See Also: Stock Market - What is a circuit breaker?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Energy Stocks to Buy On This Historical Dip
It may seem hard to believe, but the current chaos in the energy sector, and oil stocks, in particular, will pass. The novel coronavirus that has birthed a global pandemic is being compared to the Spanish Flu of 1918.
Of course, when you have once in a century event, it’s difficult to look back in history and make an apples-to-apples comparison to our current situation. This isn’t to minimize our current situation. It’s simply to say that the market is forward-looking, but it’s also emotional. And it also hates uncertainty.
In a typical economic downturn, demand decreases, and investors are advised to “buy the dip.” But in the current environment, demand has been destroyed. Millions of Americans are being asked, and in some cases ordered, to stay home. And this simply means that oil demand is down. And investors are looking at prices that are, in some cases, at all-time lows.
The trading app Robinhood is frequented by millennial investors. And according to the latest information, many investors are trying to buy the dip on old guard oil stocks. That may be a mistake.
But the energy sector is about more than just oil stocks. There are several companies that are holding their own in the current environment. And that means when the economy opens up, these companies will be well-positioned for further growth.
Currently, the volatility and uncertainty surrounding energy stocks make them a poor choice for growth investors. However, many of these companies in this presentation offer a secure dividend that, along with the potential for capital appreciation, can make them a solid play for income investors.
View the "7 Energy Stocks to Buy On This Historical Dip".