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.
Analysts Set New Price Targets
A number of research firms have recently commented on INTC. Credit Suisse Group set a $45.00 price objective on shares of Intel in a report on Monday, August 1st. Susquehanna Bancshares downgraded shares of Intel to a "negative" rating and reduced their price objective for the stock from $40.00 to $33.00 in a report on Friday, July 29th. Barclays reduced their price objective on shares of Intel from $40.00 to $35.00 and set an "underweight" rating for the company in a report on Friday, July 29th. StockNews.com downgraded shares of Intel from a "buy" rating to a "hold" rating in a report on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intel from $55.00 to $45.00 in a research report on Wednesday, July 20th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $43.83.
Intel Trading Down 0.8 %
Intel stock traded down $0.27 during midday trading on Friday, hitting $35.39. 40,205,089 shares of the stock were exchanged, compared to its average volume of 43,986,424. The company has a fifty day simple moving average of $38.82 and a two-hundred day simple moving average of $44.10. Intel has a 52 week low of $35.18 and a 52 week high of $56.28. The stock has a market capitalization of $145.31 billion, a PE ratio of 7.58, a P/E/G ratio of 2.09 and a beta of 0.62. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.
Intel (NASDAQ:INTC - Get Rating) last released 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 return on equity of 16.65% and a net margin of 26.03%. The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $17.93 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm's revenue was down 17.3% compared to the same quarter last year. Equities research analysts anticipate that Intel will post 2.26 EPS for the current fiscal year.
Intel Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 yield of 4.13%. The ex-dividend date of this dividend is Friday, August 5th. Intel's payout ratio is currently 31.26%.