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 1.0 %
INTC traded down $0.35 on Monday, hitting $35.76. 250,821 shares of the company were exchanged, compared to its average volume of 38,397,035. The firm has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $43.50. The company has a market cap of $146.83 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. Intel has a twelve month low of $34.40 and a twelve month high of $56.28. The company has a current ratio of 1.86, a quick ratio of 1.41 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). The firm had revenue of $15.30 billion during the quarter, compared to analysts' expectations of $17.93 billion. Intel had a net margin of 26.03% and a return on equity of 16.65%. The business's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 earnings per share. On average, equities analysts predict that Intel will post 2.26 earnings per share for the current 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 issued a $0.365 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $1.46 annualized dividend and a dividend yield of 4.08%. Intel's dividend payout ratio is currently 31.26%.
Analyst Upgrades and Downgrades
INTC has been the subject of a number of research reports. Susquehanna decreased their target price on shares of Intel from $42.00 to $40.00 in a research note on Tuesday, July 19th. The Goldman Sachs Group set a $30.00 price target on shares of Intel in a research report 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. Tigress Financial reaffirmed a "buy" rating and issued a $72.00 target price on shares of Intel in a research note on Friday, June 3rd. Finally, Barclays reduced their target price 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. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus target price of $43.83.