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
NASDAQ:INTC opened at $36.34 on Tuesday. The business's 50-day moving average price is $37.79 and its 200 day moving average price is $43.42. The firm has a market cap of $149.21 billion, a P/E ratio of 7.78, a PEG ratio of 2.13 and a beta of 0.62. Intel has a 52-week low of $34.40 and a 52-week high of $56.28. 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 issued its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share 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 analysts' expectations of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. As a group, sell-side analysts predict that Intel will post 2.26 earnings per share for the current fiscal year.
Intel Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 4.02%. Intel's dividend payout ratio (DPR) is presently 31.26%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of Intel in a research report on Friday, July 29th. DZ Bank downgraded shares of Intel from a "hold" rating to a "sell" rating and set a $30.00 price target for the company. in a research report on Tuesday, August 2nd. Credit Suisse Group set a $45.00 price target on shares of Intel in a research report on Monday, August 1st. Barclays decreased their price target on shares of Intel from $40.00 to $35.00 and set an "underweight" rating for the company in a research report on Friday, July 29th. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Intel in a report on Friday, June 3rd. Nine 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.83.