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 Up 1.5 %
Shares of Intel stock traded up $0.52 on Friday, reaching $36.11. The stock had a trading volume of 37,442,165 shares, compared to its average volume of 38,645,297. The company has a 50 day moving average price of $38.08 and a 200 day moving average price of $43.69. 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 has a 1 year low of $34.40 and a 1 year high of $56.28. The stock has a market capitalization of $148.27 billion, a P/E ratio of 7.73, a P/E/G ratio of 2.08 and a beta of 0.62.
Intel (NASDAQ:INTC - Get Rating) last released its 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). The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. As a group, equities research analysts forecast that Intel will post 2.26 EPS for the current year.
Intel Dividend Announcement
The business 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 $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Friday, August 5th. Intel's dividend payout ratio (DPR) is presently 31.26%.
Wall Street Analyst Weigh In
Several research firms recently commented on INTC. Roth Capital reduced their price target on shares of Intel from $48.00 to $40.00 and set a "neutral" rating on the stock in a research note on Friday, July 29th. Credit Suisse Group set a $45.00 price target on shares of Intel in a research note on Monday, August 1st. TheStreet downgraded shares of Intel from a "b-" rating to a "c+" rating in a research note on Tuesday, May 24th. Wedbush reduced their price target on shares of Intel from $44.00 to $35.00 in a research note on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $55.00 to $45.00 in a research note on Wednesday, July 20th. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.83.