Intel Co. Announces — Dividend of $0.32 (NASDAQ:INTC)

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Intel Co. (NASDAQ:INTC) announced a — dividend on Monday, September 16th, Wall Street Journal reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.315 per share by the chip maker on Sunday, December 1st. This represents a yield of 2.4%. The ex-dividend date is Wednesday, November 6th.

Shares of NASDAQ:INTC opened at $57.61 on Tuesday. The business has a 50 day moving average price of $52.40 and a 200 day moving average price of $49.44. Intel has a twelve month low of $42.86 and a twelve month high of $59.59. The company has a market cap of $245.82 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.63 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.24 by $0.18. The firm had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. Analysts anticipate that Intel will post 4.61 EPS for the current year.

In related news, EVP Navin Shenoy sold 8,551 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $52.06, for a total transaction of $445,165.06. Following the completion of the sale, the executive vice president now directly owns 70,276 shares of the company’s stock, valued at approximately $3,658,568.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Holmes Swan purchased 10,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the acquisition, the chief executive officer now directly owns 168,955 shares in the company, valued at $7,721,243.50. The disclosure for this purchase can be found here. Insiders have sold a total of 13,569 shares of company stock valued at $691,147 over the last ninety days. Insiders own 0.02% of the company’s stock.

Intel declared that its board has approved a stock repurchase plan on Thursday, October 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the chip maker to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

INTC has been the subject of several recent research reports. Cowen upped their price target on Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on Intel from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, October 25th. SunTrust Banks upped their price target on Intel from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday, October 25th. Barclays increased their target price on Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.81.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Dividend History for Intel (NASDAQ:INTC)

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