Intel Corporation (NASDAQ:INTC) had declared a cash dividend of $0.2600 on Jul 12, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed for Aug 7, 2016. On Jul 12, 2016 share price, the yield comes out to be 3.0250%. The dividend payable date has been fixed on Sep 1, 2016.
In a different note, On Jul 8, 2016, Bernstein said it Upgrades its rating on Intel Corporation. The shares have been rated ‘Market Perform’ by the firm. CLSA said it Initiates Coverage on Intel Corporation, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm. On Apr 20, 2016, Goldman Sachs said it Maintains its rating on Intel Corporation. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, JP Morgan said it Maintains its rating on Intel Corporation. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 20, 2016, Northland Securities said it Downgrades its rating on Intel Corporation. The shares have been rated ‘Market Perform’ by the firm. On Apr 18, 2016, Summit Research said it Maintains its rating on Intel Corporation. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Buy’ by the firm.
Intel Corporation (INTC) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.37% at a volume of 2,36,61,856. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.29. The peak price level was also seen at $35.29 while the days lowest was $34.9. Finally the shares closed at $35.07. The 52-week high of the shares is $35.59 while the 52-week low is $24.87. According to the latest information available, the market cap of the company is $165,601 M.
Intel Corporation(INTC) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $13.80B. Analysts had an estimated revenue of $13.91B. Earnings per share were $0.54. Analysts had estimated an EPS of $0.47.
Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Brian M Krzanich (CEO) sold 71,413 shares at $32.73 per share price.Also, On Jun 2, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 17,732 shares at $31.43 per share price.On May 25, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 42,684 shares at $30.34 per share price, according to the Form-4 filing with the securities and exchange commission.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.