3 Chip Stocks to Note Now: Intel Declares a Dividend, Qualcomm’s Solid Results, and Nvidia’s New Mobile GPU
Intel has declared a $0.225 per share quarterly dividend, in line with its previous dividends. It has a forward yield of 3.92 percent, for shareholders of record on August 7th. It is payable on September 1st, with an ex-dividend date of August 5th.
Qualcomm’s net income for the quarter was $1.58 billion, up from $1.2 billion one year ago, working out to 90 cents per share and 69 cents per share, respectively. Revenue grew 35 percent to $6.24 billion, as revenue from technology licensing alone was up 17 percent to $1.87 billion. Qualcomm projected revenue between $5.9 billion and $6.6 billion for the fourth quarter. Growth was driven by smartphone demand, as chip shipments were 22 percent year over year.
Nvidia has released a few details about the new GPU that is gong to be put inside its latest Logan chipset, which is due in 2014. Based on Kepler technology, the same architecture being used in cards such as NVIDIA’s GeForce GTX Titan card for desktop PCs, the mobile version is said to offer more graphics strength than the PlayStation 3, all while using 2-3 watts of power, down from the 250 watts needed by its PC-based cousin.
Investing Insights: Will Electronic Arts Stock Continue To Rise?