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 Price Performance
Shares of NASDAQ:INTC traded up $0.43 during trading on Monday, reaching $35.82. The company had a trading volume of 605,656 shares, compared to its average volume of 38,308,918. The firm's fifty day moving average is $38.82 and its 200 day moving average is $44.04. 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 firm has a market capitalization of $147.08 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62. Intel has a twelve month low of $35.18 and a twelve month high of $56.28.
Intel (NASDAQ:INTC - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The firm had revenue of $15.30 billion during the quarter, compared to analyst estimates of $17.93 billion. During the same quarter last year, the company earned $1.28 EPS. The company's quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities analysts forecast that Intel will post 2.26 EPS for the current year.
Intel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be paid a dividend of $0.365 per share. The ex-dividend date is Friday, August 5th. This represents a $1.46 annualized dividend and a yield of 4.08%. Intel's payout ratio is 31.26%.
Wall Street Analyst Weigh In
A number of research analysts have commented on INTC shares. DZ Bank cut 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. Barclays lowered their price objective on shares of Intel from $40.00 to $35.00 and set an "underweight" rating for the company in a research note on Friday, July 29th. Robert W. Baird lowered Intel from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $60.00 to $40.00 in a research report on Friday, July 29th. Morgan Stanley cut their price objective on shares of Intel from $46.00 to $36.00 and set an "underweight" rating on the stock in a report on Friday, July 29th. Finally, Rosenblatt Securities lowered their price objective on shares of Intel from $40.00 to $30.00 and set a "sell" rating on the stock in a research report on Friday, July 29th. Nine research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $43.83.