|Bid||34.64 x 500|
|Ask||34.66 x 1000|
|Day's Range||34.38 - 34.81|
|52 Week Range||33.23 - 38.45|
|PE Ratio (TTM)||15.00|
|Dividend & Yield||1.09 (3.12%)|
|1y Target Est||N/A|
As mentioned earlier, Intel's (INTC) head of manufacturing, Stacy Smith, a 30-year company veteran, is retiring in January, and while there hasn't been a lot of commentary since the announcement last night, the commentary so far is not positive. In addition to RBC's Amit Daryanani, Rosenblatt Securities chip analyst Hans Mosesmann is not encouraged by the development, calling it "highly negative" for Intel. "The update is unsettling," writes Mosesmann, who has a Sell rating on Intel shares, "given Mr. Smith was in direct line-of-sight to be the next CEO of Intel, and it is after the announced leave of absence of Diane Bryant, head of the data center unit back in May." Mosesmann professes to be "surprised at the relative silence by the street on this organizational change at Intel, particularly since Mr. Smith has not ended his professional ca- reer by any means." This is ominous for the chip maker, he suggests: Our take – The notion forwarded by some that the timing of Mr. Smith’s depar- ture (with no apparent replacement) is not related to Intel’s business is, dare we say, naïve.
U.S. House Speaker Paul Ryan spent the morning at chipmaker Intel Corp.’s Hillsboro campus to speak with company executives about the U.S. tax code. The meeting, which included product demos of Intel work in autonomous driving and drone technology, was part of a Republican push around tax reform, which is expected to heat up this fall. Following today’s business discussion in Oregon, Ryan will be in Seattle speaking with leaders at aerospace giant Boeing.
House Speaker Paul Ryan is in Oregon this week doing double duty with a business visit to chip manufacturer Intel in Hillsboro followed by a fundraising dinner to support fellow Republican lawmaker, U.S. Rep. Greg Walden of Hood River. Ryan will be in Hillsboro Wednesday morning for a roundtable discussion and brief tour of Intel's campus, according to the official schedule.