Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products. The company also provides high-performance compute solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. In addition, it offers workload-optimized platforms and related products for cloud service providers, enterprise and government, and communications service providers. The company serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
Intel Stock Down 0.4 %
INTC opened at $36.19 on Wednesday. Intel has a fifty-two week low of $34.40 and a fifty-two week high of $56.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The company has a market capitalization of $148.60 billion, a P/E ratio of 7.75, a P/E/G ratio of 2.14 and a beta of 0.62. The stock has a fifty day moving average of $37.79 and a 200-day moving average of $43.42.
Intel (NASDAQ:INTC - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. On average, equities analysts expect that Intel will post 2.26 EPS for the current year.
Intel Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, August 5th. Intel's dividend payout ratio is currently 31.26%.
Analysts Set New Price Targets
Several brokerages recently issued reports on INTC. Morgan Stanley reduced their price target on shares of Intel from $46.00 to $36.00 and set an "underweight" rating on the stock in a research report on Friday, July 29th. Bank of America cut their target price on shares of Intel from $47.00 to $39.00 and set an "underperform" rating on the stock in a research report on Wednesday, June 29th. DZ Bank downgraded shares of Intel from a "hold" rating to a "sell" rating and set a $30.00 target price on the stock. in a research report on Tuesday, August 2nd. Robert W. Baird downgraded shares of Intel from an "outperform" rating to a "neutral" rating and cut their target price for the company from $60.00 to $40.00 in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $55.00 to $45.00 in a research report on Wednesday, July 20th. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average price target of $43.83.