|Bid||55.45 x 3200|
|Ask||55.50 x 1400|
|Day's Range||54.26 - 55.85|
|52 Week Range||43.61 - 68.49|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||12.42|
|Earnings Date||Jul 21, 2021 - Jul 26, 2021|
|Forward Dividend & Yield||1.39 (2.51%)|
|Ex-Dividend Date||May 06, 2021|
|1y Target Est||65.56|
Chip giant Intel ended the first quarter with a small stake in Shift4 Payments, a newly public payments-processing firm.
A group of U.S. senators are on the verge of unleashing a $52-billion proposal to drive the U.S. semiconductor chip production and research over five years to tackle the growing Chinese semiconductor production and crisis impacting the automakers and other U.S. industries Reuters reports. The proposal includes $49.5 billion in emergency added appropriations to fund the chip provisions included in this year’s National Defense Authorization Act. The proposal includes $39 billion in production, R&D incentives, and $10.5 billion to implement programs including the National Semiconductor Technology Center, National Advanced Packaging Manufacturing Program, and other R&D programs, based on the draft summary. President Joe Biden had sought a billion Congressional funding to drive U.S. semiconductor production and research. Intel Corp (NASDAQ: INTC) assured support to tackle the auto industry semiconductor chip crisis during a meeting with President Biden. Chip buyers like Apple Inc (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google, joined chip-makers like Intel to seek $50 billion in Congressional funding for a domestic semiconductor production boost. U.S. share of semiconductors and microelectronics production plummeted from 37% in 1990 to just 12% at present. The Chinese Communist Party had invested over $150 billion in semiconductor manufacturing. Price action: INTC shares traded higher by 2.95% at $55.60 on the last check Friday. See more from BenzingaClick here for options trades from BenzingaTaiwan Semiconductor To Ramp Up US Chip Investment: ReutersJudge In Federal Antitrust Case Against Facebook Delays Discovery Process: Reuters© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Communications technology specialist Polycom (NYSE: PLT), recently rebranded as Poly (and formerly known as Plantronics), crushed Wall Street's targets in Thursday's fourth-quarter earnings report. If you're selling Poly in a guidance-based panic today, I think you missed a crucial section of this report. In Thursday's guidance update, Poly aimed for first-quarter revenue near $420 million and adjusted earnings in the neighborhood of $0.45 per share.