Intel loses 0.74%, closes at $29.7 ahead of quarterly report today

Published: January 26 2023, 02:06 GMT+0

Intel loses 0.74%, closes at $29.7 ahead of quarterly report today

A quick look at yesterday: a tough session dominated by bearish sentiment left Intel 22 cents lower, while setting a $29.17 to $29.89 session range.

  • The day's trading volume totalled 28.27 million shares — slightly below the 21-day average of 32.77 million.
  • Intel discloses 36.5 cents per share dividend to be paid on Thursday, December 1st

The opening bell in 12 hours time follows yesterday's session in which Dow Jones was flat for most of yesterday's session and closed at 33,744. S&P 500 was flat for most of yesterday's session and closed at 4,016.22. Nasdaq dropped by 0.18% to close at 11,300. Intel is flat, while the Technology sector seems to be doing slightly worse (-0.003%).

Intel is scheduled to announce earnings results today. The consensus EPS estimate is 0.2 and the consensus revenue estimate is $14.45 billion.

The hardware manufacturer has managed to gain 11.93% so far this year despite trading at lows around $25.04 previously. So far this year, it has been outperforming the Nasdaq by 3.76%. Currently, the integrated digital technology company has a market capitalization of $122.57 billion with an average daily volume of 32.77 million shares.

Intel disclosed a quarterly dividend of 36.5 cents per share on Thursday, September 15th that was paid on Thursday, December 1st to all shareholders of record up until Monday, November 7th. Based on current prices, the company's decision thereby provides Intel investors with an annual dividend yield of 4.92%.

Intel was not the only decliner in the technology sector; TSM slides down 2.27% yesterday to close at $94.56. Texas Instruments slides down 1.13% yesterday to close at $177.04.

On the other hand, positive performances could be seen by looking at other technology stocks as ASML Holding added 1.72% to its value, and traded at $681.53.

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