Intel Corp. (INTC) Plans Quarterly Dividend of $0.23
Intel Corp. (NASDAQ:INTC) declared a quarterly dividend on Thursday, January 23rd, Stock Ratings News reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.225 per share on Saturday, March 1st. This represents a $0.90 dividend on an annualized basis and a yield of 3.56%.
Several analysts have recently commented on the stock. Analysts at Drexel Hamilton downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $26.00 price target on the stock, down previously from $30.00. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, January 17th. They now have a $28.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Friday, January 17th. They now have a $28.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corp. currently has an average rating of “Hold” and an average price target of $25.65.
Shares of Intel Corp. (NASDAQ:INTC) opened at 25.11 on Thursday. Intel Corp. has a 52-week low of $20.10 and a 52-week high of $27.12. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $23.81. The company has a market cap of $124.8 billion and a price-to-earnings ratio of 13.69. Intel Corp. also saw some unusual options trading activity on Monday. Investors bought 139,625 call options on the stock. This is an increase of 104% compared to the average volume of 68,436 call options.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Wednesday, January 15th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.90 earnings per share for the current fiscal year.
In other Intel Corp. news, Director Frank Yeary sold 13,300 shares of Intel Corp. stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $25.58, for a total value of $340,214.00. Following the completion of the transaction, the director now directly owns 38,845 shares of the company’s stock, valued at approximately $993,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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