Intel Co. (NASDAQ:INTC) Declares $0.13 Quarterly Dividend

Intel Co. (NASDAQ:INTC) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.125 per share by the chip maker on Saturday, June 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, May 6th.

Intel has decreased its dividend payment by an average of 17.5% annually over the last three years. Intel has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Intel to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 38.2%.

Intel Trading Down 9.2 %

INTC traded down $3.23 during trading on Friday, hitting $31.88. The company’s stock had a trading volume of 119,183,117 shares, compared to its average volume of 48,140,875. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The stock has a market cap of $134.79 billion, a PE ratio of 81.28, a PEG ratio of 3.13 and a beta of 1.00. The firm’s 50 day moving average price is $41.11 and its 200-day moving average price is $42.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that Intel will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. The Goldman Sachs Group lowered their target price on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a report on Friday. HSBC decreased their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday. Sanford C. Bernstein dropped their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday. UBS Group lifted their price objective on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.75.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.