ALTR

Dividend Increases for the Week Ending June 7

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Below we provide a list of firms that upped their dividends for the week ending June 7. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports, please click here. Firms Raising Their Dividends This Week Acme United Corporation (ACU): now $0.08 per share quarterly dividend, was $0.07. Altera Corporation (ALTR): now $0.15 per share quarterly dividend, was $0.10. Concurrent (CCUR): now $0.12 per share quarterly dividend, was $0.06. Cracker Barrel (CBRL): now $0.75 per share quarterly dividend, was $0.50. DuPont Fabros Technology (DFT): now $0.25 per share quarterly dividend, was $0.20. FEI Company (FEIC): now $0.12 per share quarterly dividend, was $0.08. Helmerich & Payne (HP): now $0.50 per … Read more

Intel Struggles With The PC Market Slumping

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Best Ideas and Dividend Growth Newsletter holding Intel (click ticker for report: ) reported lackluster results Tuesday afternoon. For the first quarter, the firm posted a revenue decline of 3% year-over-year, which was slightly worse than consensus expectations. Earnings were a penny shy of consensus estimates, falling 17% year-over-year to $0.40 per share. Gross margins fell 800 basis points year-over-year to 56%, but the firm maintained its full-year outlook for gross margins of 60%. Ultimately, the market knew not to expect a blowout quarter, as PC sales languish. For the quarter, PC client revenue declined 6% year-over-year to $7.99 billion, but the segment’s operating income decline was steeper, falling 28% year-over-year to $2.5 billion as the firm took large inventory … Read more

Intel Reduces Fourth-Quarter Revenue Forecast on Supply Chain Disruptions

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On Monday, Intel (INTC) followed the path of other chipmakers like Texas Instruments (TXN), Altera (ALTR), and Lattice Semi (LSCC) and lowered its fourth-quarter revenue and gross margin outlook, blaming hard disk drive supply shortages from the recent flooding in Thailand. We are maintaining our fair value estimate for Intel (INTC), as our estimate of its intrinsic value is based on the company’s long-term cash-flow projections, which we think are still readily achievable. Plus, flooding in Thailand should only be a temporary supply chain issue, and we believe the rebuilding of inventories after the first quarter of next year will be a positive catalyst for Intel’s shares. Intel said it now expects fourth-quarter revenue to be about $13.7 billion (+/- … Read more

Chipmakers Face Weaker Demand; Texas Instruments, Lattice Semi, and Altera Cut Fourth-Quarter Guidance

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On Thursday, Texas Instruments (TXN) updated its business outlook for the fourth quarter of 2011, and the revisions weren’t good. The chip maker reduced its top-line revenue guidance to $3.19 – $3.33 billion compared with the previous range of $3.26 – $3.54 billion and cut its EPS guidance for the quarter to $0.21 – $0.25 from $0.28 – $0.36 per share. Despite the reduced expectations in the quarter, we are sticking with our fair value estimate for Texas Instruments, as we believe such a disappointment will only be temporary. Texas Instruments noted that its revisions were prompted by broadly lower demand across a wide range of markets, customers and products, except for wireless applications processors—particularly its OMAP 4 processor, which … Read more

Stock Market Outlook for 2021

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By Valuentum Analysts February 8, 2021 2020 was one for the history books. We covered our thoughts and reflections on the past year in our “2020 Won’t Soon Be Forgotten” article (link here), and now we are looking towards the future. Global health authorities should be able to bring an end to the ongoing coronavirus (‘COVID-19’) pandemic sooner than many had expected as several vaccines have already been improved for emergency use and several others appear increasingly likely to get approved. Global vaccine distribution activities are currently underway, and this should allow the world to slowly return to pre-pandemic activities. Before then, immense stimulus measures launched primarily in developed nations should support global economic activities until the public health crisis … Read more